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2024-04-09 Council FIN Packet1 2 ov BbMG ti Agenda Edmonds City Council 1,00 FINANCE COMMITTEE CITY COUNCIL CONFERENCE ROOM 121 - 5TH AVENUE N, EDMONDS, WA 98020 APRIL 9, 2024, 5:30 PM COUNCIL COMMITTEE MEETINGS ARE WORK SESSIONS FOR THE COUNCIL AND CITY STAFF. COMMITTEE MEETING AGENDAS DO NOT INCLUDE AUDIENCE COMMENTS OR PUBLIC HEARINGS. STAFF AND COUNCILMEMBERS ATTEND COMMITTEE MEETINGS VIRTUALLY, AND MEMBERS OF THE PUBLIC ARE ENCOURAGED TO ATTEND THE SAME WAY. PERSONS WISHING TO ATTEND THIS MEETING VIRTUALLY IN LIEU OF IN -PERSON ATTENDANCE CAN CLICK ON OR PASTE THE FOLLOWING ZOOM MEETING LINK INTO A WEB BROWSER USING A COMPUTER OR SMART PHONE: HTTPS://ZOOM. US/J/95798484261 OR JOIN BY DIAL -UP PHONE: US: +1 253 215 8782 WEBINAR ID: 957 9848 4261 IF MEMBERS OF THE PUBLIC CANNOT ACCESS THE VIRTUAL COMMITTEE MEETINGS WITH THEIR PERSONAL DEVICES, A MONITOR IS PROVIDED AT THE CITY COUNCIL CONFERENCE ROOM AT 121 5TH AVE N, EDMONDS WA. COMMITTEE MEMBERS: WILL CHEN (CHAIR), JENNA NAND, COUNCIL PRESIDENT (EX-OFFICIO MEMBER) CALL TO ORDER COMMITTEE BUSINESS 1. February 2024 Monthly Financial Report (10 min) 2. Electronic Funds Transer (EFT) Policy (10 min) 3. Council Rules of Procedure (15 min) 4. Discussion of Proposed Strategic Approach to Financial Resiliency, and Next Steps (20 min) ADJOURNMENT: 7:00 PM Edmonds City Council Agenda April 9, 2024 Page 1 2.1 City Council Agenda Item Meeting Date: 04/9/2024 February 2024 Monthly Financial Report Staff Lead: Dave Turley Department: Administrative Services Preparer: Sarah Mager Background/History N/A Staff Recommendation Review and move to full council to be received for filing. Narrative February 2024 Monthly Financial Report Attachments: February 2024 Monthly Financial Report Packet Pg. 2 I 2.1.a I O-V lac. 1 ISOv CITY OF EDMONDS MONTHLY BUDGETARY FINANCIAL REPORT FEBRUARY 2024 Packet Pg. 3 1 I 2.1.a I GENERAL FUND SUMMARY 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 March 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 General Fund Revenues and Expenses (Rolling 24 months) — — — General Fund Revenues General Fund Expenses wo TTT T T � June September December March June September December General Fund Tax Revenue (2018 through 2023) — — — Sales Tax Property Tax — EMS Tax Other Taxes -------------- a d �a c �a c ii t r+ C 0 2 le N O N M M L d ---------------- C i L 2018 2019 2020 2021 2022 2023 Sales Tax General Fund Tax Revenue (2024 YTD) 280 418 $107,491 Property Tax EMS Tax $1,645,386 - Other Taxes 1 Packet Pg. 4 I 2.1.a I City of Edmonds, WA Monthly Revenue Summary -General Fund 2024 General Fund Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 2,696,243 $ February 5,382,778 March 8,188,535 April 12,796,705 May 21,759,302 June 24,434,356 July 27,402,268 August 30,731,795 September 33,504,009 October 39,037,848 November 47,848,525 December 51,056,792 Real Estate Excise Tax 1 & 2 2,696,243 $ 2,532,339 -6.08% 2,686,535 6,333,957 17.67% 2,805,757 4,608,170 8,962,597 2,675,054 2,967,913 3,329,527 2,772,214 5,533,839 8,810,677 3,208,267 City of Edmonds, WA Monthly Revenue Summary -Real Estate Excise Tax 2024 Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 225,388 $ February 376,297 March 569,768 April 775,427 May 1,036,020 June 1,293,139 July 1,573,012 August 1,849,679 September 2,151,102 October 2,420,735 November 2,687,175 December 3,000,000 225,388 $ 158,734-29.57% 150,909 299,908-20.30% 193,471 205,659 260,593 257,119 279,874 276,667 301,423 269,633 266,440 312,825 *The monthly budget forecast columns are based on a five-year average. O IZ d lC C 10 C LL _% t r C O 2 N CD N R M L d LL 2 Packet Pg. 5 1 SALES TAX SUMMARY I 2.1.a I Construction Trade, $280,826 Accodation, $7,388 _ Clothing and Accessories,$61,501 _ Communications, $44,169 Wholesale Trade, $63,880 14,000, 000 12,000,000 10,000,000 8,000,000 6,000, 000 4,000, 000 2,000, 000 0 Sales Tax Analysis By Category Current Period: February 2024 Year -to -Date Total $2,034,598 Automotive Repair, Anrusement & Health & $48,555 Recreation, $18,794 Personal Care, $10,517 Business Services, $223,049 Misc Retail, $436,049 Others, $49,678 Annual Sales Tax Revenue Gasoline, $0 Retail Food Stores, $69,323 Retail Automotive, $470,345 - Manufacturing, $19,675 Eating & Drinking, $230,850 $11,257,927 $11,614,826 $10,302,518 _ 1 $8,406,296 $8,452,715 $8,317,046 _ 2018 2019 2020 202P� 2022 2023 YTD 2024 0 CL �a c �a c ii t r 0 2 le N 0 N M 0 L d 3 Pt__1_-L Pf_. 6 ra�Ke� ry. v I 2.1.a I City of Edmonds, WA Monthly Revenue Summary -Sales and Use Tax 2024 Sales and Use Tax Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 956,967 $ 956,967 $ 975,066 1.89% February 2,084,047 1,127,080 2,034,598 -2.37% March 2,987,849 903,802 April 3,814,928 827,079 May 4,821,039 1,006,111 June 5,796,759 975,721 July 6,836,449 1,039,690 August 7,953,072 1,116,623 September 8,995,564 1,042,491 October 10,116,626 1,121,062 November 11,238,239 1,121,613 December 12,300,000 1,061,761 City of Edmonds, WA Monthly Revenue Summary -Real Personal/Property Tax 2024 Real Personal/Property Tax Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 28,172 $ 28,172 $ 15,003-46.75% February 156,833 128,661 280,418 78.80% March 877,571 720,738 April 5,200,702 4,323,131 May 6,113,323 912,621 June 6,167,757 54,434 July 6,192,819 25,062 August 6,247,276 54,457 September 6,423,953 176,676 October 10,550,884 4,126,931 November 11,287,789 736,905 December 11,327,000 39,211 Real Pe rs onal/Prope rty Tax 12,000,000 11,000,000 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC --P—CurrentYeaz Budget �PriorYear *The monthly budget forecast columns are based on a five-year average. O Q N lC C 10 C LL L r+ C O 2 le N CD N !s 3 L d LL 4 Packet Pg. 7 I 2.1.a I City of Edmonds, WA Monthly Revenue Summary -Water Utility Tax 2024 Water Utility Tax Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 90,844 $ 90,844 92,691 2.03% February 154,355 63,511 154,868 0.33% March 244,152 89,797 April 304,356 60,204 May 393,634 89,278 June 463,947 70,313 July 573,149 109,202 August 666,476 93,327 September 791,033 124,557 October 881,630 90,597 November 983,292 101,662 December 1,047,289 63,997 Water Utility Tax 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC --0-- Current Year Budget --D-- Prior Year City of Edmonds, WA Monthly Revenue Summary -Sewer Utility Tax 2024 Sewer Utility Tax Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 101,297 $ 101,297 $ 101,472 0.17% February 185,730 84,433 185,988 0.14% March 286,530 100,799 April 371,027 84,497 May 472,427 101,400 June 557,139 84,712 July 659,773 102,634 August 744,838 85,065 September 850,226 105,388 October 936,127 85,902 November 1,039,506 103,379 December 1,123,814 84,308 Sewer Utility Tax 1,200,000 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Ir 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -Current Year Budget --d-- Prior Year *The monthly budget forecast columns are based on a five-year average. O IZ d lC C 10 C LL L r+ C O 2 le N CD t'V R 3 L d LL 5 Packet Pg. 8 I 2.1.a I City of Edmonds, WA Monthly Revenue Summary -Meter Water Sales 2024 Meter Water Sales Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 907,961 $ 907,961 $ 927,056 2.10% February 1,542,839 634,878 1,548,996 0.40% March 2,440,331 897,492 April 3,042,049 601,718 May 3,934,362 892,313 June 4,637,093 702,731 July 5,733,149 1,096,056 August 6,665,886 932,738 September 7,911,002 1,245,116 October 8,816,518 905,516 November 9,832,625 1,016,107 December 10,472,890 640,265 City of Edmonds, WA Monthly Revenue Summary -Storm Water Sales 2024 Storm Water Sales Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 493,589 $ 493,589 $ 474,260 -3.92% February 1,573,695 1,080,106 1,505,952 -4.30% March 2,071,892 498,197 April 2,515,478 443,586 May 3,014,352 498,874 June 3,458,035 443,682 July 3,948,598 490,563 August 5,030,812 1,082,214 September 5,530,169 499,357 October 5,974,369 444,200 November 6,473,743 499,375 December 6,901,960 428,217 Storm Water Sales 0 I JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC --*-- Current Year Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. O IZ d lC C 10 C LL L r+ C O 2 le N CD N R 3 L d LL 6 Packet Pg. 9 I 2.1.a I City of Edmonds, WA Monthly Revenue Summary-Unmeter Sewer Sales 2024 Unmeter Sewer Sales Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 1,013,537 $ 1,013,537 $ 1,015,482 0.19% February 1,857,511 843,974 1,860,273 0.15% March 2,866,119 1,008,607 April 3,710,735 844,616 May 4,725,346 1,014,611 June 5,572,110 846,764 July 6,598,121 1,026,011 August 7,448,415 850,294 September 8,502,903 1,054,488 October 9,361,565 858,662 November 10,395,964 1,034,399 December 11,238,143 842,179 Unmeter Sewer Sales 12,000,UUU 11,000,000 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC —*-- Current Yeaz Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. O !Z N <4 C tE C LL t C O M It N CD N t4 3 L LL Packet Pg. 10 2.1.a City of'Edmonds, WA Monthly Expenditure Report -General Fund 2024 General Fund Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 4,809,941 $ 4,809,941 $ 4,652,570 -3.27% February 8,929,460 4,119,519 8,359,442 -6.38% March 12,949,656 4,020,196 April 16,605,542 3,655,886 May 20,680,830 4,075,289 June 25,263,943 4,583,113 July 29,265,855 4,001,912 August 33,410,962 4,145,107 September 37,568,248 4,157,286 October 41,684,233 4,115,985 November 46,834,881 5,150,648 December 51,892,793 5,057,912 City of Edmonds, WA Monthly Expenditure Report -Non -Departmental 2024 Non -Departmental Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 926,027 $ 926,027 $ 1,244,387 34.38% February 1,489,596 563,569 1,465,934 -1.59% March 2,012,000 522,404 April 2,395,260 383,260 May 2,923,480 528,220 June 3,677,256 753,776 July 4,126,291 449,035 August 4,662,507 536,216 September 5,123,698 461,191 October 5,544,111 420,414 November 6,294,725 750,614 December 6,857,495 562,770 *The monthly budget forecast columns are based on a five-year average. O IZ d lC C 10 C LL t r+ C O 2 le N CD N R 3 L d LL g Packet Pg. 11 ■ 2.1.a I City of Edmonds, WA Monthly Expenditure Report -City Council 2024 City Council Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 34,240 $ 34,240 $ 40,574 18.50% February 71,153 36,913 94,579 32.92% March 112,189 41,036 April 150,403 38,214 May 193,081 42,678 June 234,428 41,347 July 275,019 40,591 August 316,493 41,474 September 357,868 41,375 October 394,551 36,684 November 435,285 40,734 December 479,286 44,001 City of Edmonds, WA Monthly Expenditure Report -Office of Mayor 2024 Office of Mayor Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 40,561 $ 40,561 $ 33,901-16.42% February 82,159 41,598 69,412-15.52% March 124,596 42,436 April 165,441 40,846 May 205,791 40,350 June 245,843 40,052 July 287,251 41,408 August 327,468 40,217 September 367,326 39,858 October 406,988 39,662 November 449,726 42,738 December 490,875 41,149 Office of Mayor 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC --I-CunentYeaz Budget �PriorYear *The monthly budget forecast columns are based on a five-year average. O IZ tv lC C 10 C LL L r+ C O 2 le N CD t'V R 3 L d LL 9 Packet Pg. 12 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Human Resources 2024 Human Resources Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 110,919 $ 110,919 $ 129,960 17.17% February 206,083 95,165 233,493 13.30% March 293,020 86,937 April 385,026 92,006 May 477,507 92,481 June 609,764 132,257 July 691,435 81,671 August 781,445 90,009 September 882,461 101,016 October 976,331 93,870 November 1,084,356 108,025 December 1,222,438 138,082 Human Resources 1,300,000 11200,000 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC --*--Current Year Budget --&--PriorYear City of Edmonds, WA Monthly Expenditure Report -Municipal Court 2024 Municipal Court Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 133,120 $ 133,120 $ 136,698 2.69% February 268,761 135,641 280,344 4.31% March 408,462 139,701 April 549,323 140,861 May 702,755 153,432 June 841,629 138,874 July 987,720 146,091 August 1,144,145 156,425 September 1,291,990 147,845 October 1,441,979 149,989 November 1,629,476 187,497 December 1,811,176 181,700 Municipal Court 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Year Budget � Prior Year *The monthly budget forecast columns are based on a five-year average. O IZ d lC C 10 C LL _% L r+ C O 2 le N CD N !s 3 L d LL 10 Packet Pg. 13 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Community Services/Economic Development 2024 Community Services/Economic Development Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 70,938 $ 70,938 $ 84,711 19.42% February 150,629 79,691 170,475 13.18% March 228,686 78,058 April 308,932 80,246 May 391,061 82,128 June 480,392 89,331 July 570,789 90,397 August 679,369 108,580 September 777,142 97,773 October 877,976 100,834 November 1,007,121 129,145 December 1,162,045 154,924 Community Services/Economic Development 1,400,000 11300,000 11200,000 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 - 400,000 300,000 200,000 100,000 >- 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC _Current Year Budget Prior Year *The monthly budget forecast columns are based on a five-year average. 11 Packet Pg. 14 I 2.1.a I City of'Edmonds, WA Monthly Expenditure Report - Fund 512 - Technology Rental Fund 2024 Fund 512 - Technology Rental Fund Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 278,067 $ 278,067 $ 450,425 61.98% February 459,653 181,586 538,670 17.19% March 687,018 227,364 April 781,894 94,876 May 882,974 101,080 June 1,005,318 122,345 July 1,131,059 125,740 August 1,299,834 168,775 September 1,465,789 165,955 October 1,643,179 177,391 November 1,772,621 129,442 December 2,011,076 238,455 Administrative Services Fmd 512 - Technology Rental Fmd 2,200,000 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -*--Current Year Budget -0-- Prior Year City of Edmonds, WA Monthly Expenditure Report -Administrative Services 2024 Cumulative Monthly Budget Forecast Budget Forecast YTD Variance Actuals % January $ 288,918 $ 288,918 $ 274,596 -4.96% February 523,687 234,769 483,335 -7.71% March 733,695 210,008 April 944,992 211,297 May 1,157,177 212,186 June 1,442,022 284,845 July 1,684,828 242,805 August 1,896,259 211,431 September 2,116,379 220,121 October 2,344,386 228,007 November 2,598,917 254,531 December 2,825,453 226,536 *The monthly budget forecast columns are based on a five-year average. O IZ d lC C 10 C LL _% L r+ C O 2 le N CD N R 3 L d LL 12 Packet Pg. 15 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -City Attorney 2024 City Attorney Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 96,815 $ 96,815 $ - 0.00% February 193,630 96,815 127,250-34.28% March 290,445 96,815 April 387,260 96,815 May 484,075 96,815 June 580,890 96,815 July 677,705 96,815 August 774,520 96,815 September 871,335 96,815 October 968,150 96,815 November 1,064,965 96,815 December 1,161,780 96,815 City Attorney 1,200,000 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -Current Year Budget - Prior Year City of Edmonds, WA Monthly Expenditure Report -Police 2024 Police Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 1,325,644 $ 1,325,644 $ 1,320,779 -0.37% February 2,644,333 1,318,689 2,643,606 -0.03% March 4,027,557 1,383,224 April 5,378,981 1,351,424 May 6,782,808 1,403,826 June 8,239,937 1,457,130 July 9,689,531 1,449,593 August 11,039,396 1,349,866 September 12,478,176 1,438,780 October 13,942,747 1,464,571 November 15,677,275 1,734,528 December 17,478,540 1,801,265 Police 18,000,000 12,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 JAN FEB MAR APR MAY RUN JUL AUG SEP OCT NOV DEC --I- Current Yeaz Budget Prior Year *The monthly budget forecast columns are based on a five-year average. O Q d lC C 10 C LL t r+ C O 2 le N CD t'V M M L d LL 13 Packet Pg. 16 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Planning & Development 2024 Planning & Development Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 328,959 $ 328,959 $ 269,177-18.17% February 671,531 342,572 536,869-20.05% March 999,838 328,306 April 1,348,844 349,006 May 1,692,557 343,714 June 2,024,917 332,360 July 2,387,504 362,587 August 2,727,099 339,594 September 3,071,846 344,748 October 3,418,696 346,849 November 3,799,763 381,067 December 4,251,605 451,842 Planning & Development 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC -*--Current Year Budget -0-- Prior Year City of Edmonds, WA Monthly Expenditure Report -Parks & Recreation 2024 Parks & Recreation Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals January $ 498,850 $ 498,850 $ 453,277 -9.14% February 986,757 487,907 924,147 -6.35% March 1,483,576 496,818 April 1,955,557 471,981 May 2,461,256 505,698 June 2,984,923 523,667 July 3,580,661 595,738 August 4,186,784 606,123 September 4,840,484 653,700 October 5,394,700 554,215 November 5,962,605 567,905 December 6,520,597 557,992 Parks & Recreation 6,500,000 6,000,000 5,500,000 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 JAN FEB MAR APR MAX JUN JUL AUG SEP OCT NOV DEC --P-- Current Yeaz Budget � Prior Yeaz *The monthly budget forecast columns are based on a five-year average. F O Q N M C IE C M t C O M It N CD N R 7 L d 14 Packet Pg. 17 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report - Fund 016 - Building Maintenance Fund 2024 Fund 016 -Building Maintenance Fund Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 93,773 $ 93,773 $ 138,032 47.20% February 187,546 93,773 619,510 230.33% March 281,318 93,773 April 375,091 93,773 May 468,864 93,773 June 562,637 93,773 July 656,410 93,773 August 750,182 93,773 September 843,955 93,773 October 937,728 93,773 November 1,031,501 93,773 December 1,125,275 93,773 Facilities Maintenance Fund 016 -Building Maintenance Fund 1,200,000 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 lOQ,000 _11000- 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Current Year Budget � Prior Year City of Edmonds, WA Monthly Expenditure Report -Facilities Maintenance 2024 Cumulative Monthly YTD Variance Budget Forecast Budget Forecast Actuals % January $ 156,777 $ 156,777 $ 280,811 79.11% February 389,680 232,903 545,881 40.08% March 593,580 203,900 April 769,287 175,707 May 948,286 178,999 June 1,082,262 133,976 July 1,241,226 158,964 August 1,449,125 207,900 September 1,701,717 252,591 October 1,994,291 292,575 November 2,251,871 257,580 December 2,638,179 386,308 Facilities Maintenance 11,500,000 11,000,000 500,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC � Current Year Budget �d Prior Year *The monthly budget forecast columns are based on a five-year average. O CL d lC C 10 C LL L r+ C O 2 le tV CD tV R 3 L d LL 15 Packet Pg. 18 I 2.1.a I City of Edmonds, WA Monthly Expenditure Report -Engineering 2024 Engineering Cumulative Monthly YTD Variance Budget Forecast Budget Forecast ActuaIs January $ 301,531 $ 301,531 $ 283,081 -6.12% February 604,565 303,034 569,699 -5.77% March 913,824 309,259 April 1,223,821 309,997 May 1,553,842 330,021 June 1,868,266 314,424 July 2,185,239 316,973 August 2,491,236 305,997 September 2,797,476 306,240 October 3,102,475 304,999 November 3,439,952 337,477 December 3,777,853 337,901 *The monthly budget forecast columns are based on a five-year average. 16 Packet Pg. 19 1 I 2.1.a I Page 1 of 1 CITY OF EDMONDS REVENUES BY FUND - SUMMARY Fund 2024 Adopted 2/28/2023 2/29/2024 Amount No. Title Budget Revenues Revenues Remaining %Received 001 GENERAL FUND $ 51,056,792 $ 4,920,100 $ 6,333,957 $ 44,722,835 120/( 009 LEOFF-MEDICAL INS. RESERVE 250,000 - - 250,000 00/( 016 BUILDING MAINTENANCE FUND 112,290 15,376 18,505 93,785 160/c 017 MARSH RESTORATION & PRESERVATION FUND - - 200 (200) 00/( 019 EDMONDS OPIOID RESPONSE FUND 50,000 - - 50,000 00/( .. 104 DRUG ENFORCEMENT FUND 4,520 (127) 517 4,003 110/( 0 111 STREET FUND 2,630,600 222,470 212,019 2,418,581 80/, 112 COMBINED STREET CONST/IMPROVE 5,396,813 878,200 931,203 4,465,610 170/( 117 MUNICIPAL ARTS ACQUIS. FUND 88,631 (1,040) 10,332 78,299 120/(� 120 HOTEL/MOTEL TAX REVENUE FUND 124,371 15,210 17,614 106,757 140/c O C 121 EMPLOYEE PARKING PERMIT FUND 38,900 9,484 10,341 28,559 270/( T 122 YOUTH SCHOLARSHIP FUND 1,740 (29) 226 1,514 130/, r 123 TOURISM PROMOTIONAL FUND/ARTS 44,193 4,917 6,956 37,237 C 160/( O 125 REAL ESTATE EXCISE TAX 2 1,627,900 129,249 176,964 1,450,936 110/( 126 REAL ESTATE EXCISE TAX 1 1,639,520 127,721 201,130 1,438,390 N 120/( N 127 GIFTS CATALOG FUND 215,830 5,584 57,627 158,203 27% �+ 130 CEMETERY MAINTENANCE/IMPROVEMT 152,990 32,873 17,550 135,440 110/( L 136 PARKS TRUST FUND - (303) - - 00/( y LL 137 CEMETERY MAINTENANCE TRUST FD 55,580 1,621 17,034 38,546 138 SISTER CITY COMMISSION 5,680 (37) 237 5,443 40/( p CL 140 BUSINESS IMPROVEMENT DISTRICT 79,209 36,319 29,620 49,589 370/( 141 AFFORDABLE AND SUPPORTIVE HOUSING FUND 65,000 16,509 17,581 47,419 270/( 142 EDMONDS RESCUE PLAN FUND 6,550,000 350 2,751,959 3,798,041 420/( 143 TREE FUND 220,930 (425) 2,871 218,059 1% C 231 2012 LT GO DEBT SERVICE FUND 310,420 - 350 310,070 00/( T 332 PARKS CAPITAL CONSTRUCTION FUND 316,240 156,181 34,942 281,298 110/, C 411 COMBINED UTILITY OPERATION - 21,385 23,640 (23,640) 00/( �O 421 WATER UTILITYFUND 12,314,744 1,703,200 1,802,143 10,512,601 150/, N 422 STORM UTILITY FUND 8,971,716 1,787,714 1,712,123 7,259,593 190/( N 423 SEWER/WWTPUTILITY FUND 20,019,768 3,639,281 2,894,605 17,125,163 140/, �+ R 424 BOND RESERVE FUND 1,996,270 1,454 4,293 1,991,977 00/( i 511 EQUIPMENT RENTAL FUND 2,779,730 364,198 473,113 2,306,617 170/( y LL 512 TECHNOLOGY RENTAL FUND 2,173,664 234,607 363,134 1,810,530 170/c C $ 119,294,041 $ 14,322,040 $ 18,122,785 $ 101,171,256 150/( 4) 17 Packet Pg. 20 I 2.1.a I Page 1 of I CITY OF EDMO NDS EXPENDITURES BY FUND - SUMMARY Fund 2024 Adopted 2/28/2023 2/29/2024 Amount No. Title Budget Expenditures Expenditures Remaining %Spent 001 GENERAL FUND $ 51,892,793 $ 10,063,682 $ 8,359,442 $ 43,533,351 16°/ 009 LEOFF-MEDICAL INS. RESERVE 367,140 50,940 72,702 294,438 20°/ 014 HISTORIC PRESERVATION GIFT FUND 11,701 - 4,385 7,316 37°/ 016 BUILDING MAINTENANCE FUND 1,125,274 97,897 619,510 505,764 55°/ 104 DRUG ENFORCEMENT FUND 39,000 - - 39,000 0°/ III STREET FUND 2,662,492 617,715 522,047 2,140,445 20°/ O Q 112 COMBINED STREET CONST/IMPROVE 5,395,315 751,025 47,858 5,347,457 1°/ 117 MUNICIPAL ARTS ACQUIS. FUND 282,880 2,312 1,299 281,581 0°/ is 120 HOTEL/MOTEL TAX REVENUE FUND 131,400 370 5,857 125,543 4°/ 0 121 EMPLOYEE PARKING PERMIT FUND 26,880 - - 26,880 0°/ _ 122 YOUTH SCHOLARSHIP FUND 3,000 - 75 2,925 3°/ T 123 TOURISM PROMOTIONAL FUND/ARTS 43,400 780 800 42,600 2°/ t rr 125 REAL ESTATE EXCISE TAX 2 2,776,746 170,915 68,278 2,708,468 2°/ =p 126 REAL ESTATE EXCISE TAX 1 2,094,109 3,765 52,796 2,041,313 3°/ le 127 GIFTSCATALOGFUND 618,646 11,089 51,922 566,724 04 8°/ N 130 CEMETERY MAINTENANCE/IMPROVEMT 290,559 52,587 30,052 260,507 10°/ �+ 137 CEMETERY MAINTENANCE TRUST FUND 99,500 - - 99,500 0°/ 138 SISTER CITY COMMISSION 11,900 153 - 11,900 0°/ y LL 140 BUSINESS IMPROVEMENT DISTRICT 103,545 5,344 6,062 97,483 142 EDMONDS RESCUE PLAN FUND 6,550,000 519,688 2,751,126 3,798,874 42°/ p iZ 143 TREE FUND 214,800 - - 214,800 0°/ 231 2012 LT GO DEBT SERVICE FUND 310,420 - - 310,420 0% 332 PARKS CAPITAL CONSTRUCTION FUND 54,535 521,725 497 54,038 1°/ R 421 WATER UTILITY FUND 13,837,584 1,374,809 1,092,506 12,745,078 8°/ C LL 422 STORM UTILITY FUND 9,697,422 815,089 855,625 8,841,797 9°/ T 423 SEWER/WWTP UTILITY FUND 23,397,507 2,392,445 2,405,366 20,992,141 10°/ C 424 BOND RESERVE FUND 1,988,830 - - 1,988,830 0°/ 511 EQUIPMENT RENTAL FUND 2,774,212 693,256 304,396 2,469,816 11°/ N 512 TECHNOLOGY RENTAL FUND 2,011,076 530,347 538,670 1,472,406 27°/ N $ 128,812,666 $ 18,675,934 $ 17,791,272 $ 111,021,394 14% m 18 Packet Pg. 21 2.1.a Page 1 of 3 CITY OF EDMO NDS REVENUES - GENERAL FUND 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Revenues Revenues Remaining %Received TAXES: 1 REAL PERSONAL / PROPERTY TAX 2 EMSPROPERTY TAX 3 VOTED PROPERTY TAX 4 LOCAL RETAIL SALES/USE TAX t 5 NATURAL GAS USE TAX 6 1/10 SALES TAX LOCAL CRIM JUST 7 ELECTRIC UTILITY TAX 8 GASUTILITY TAX 9 SOLID WASTE UTILITY TAX 10 WATERUTILITY TAX 11 SEWERUTILITYTAX 12 STORMWATERUTILITYTAX 13 T.V. CABLE UTILITY TAX 14 TELEPHONE UTILITY TAX 15 PULLTABS TAX 16 AMUSEMENT GAMES 17 LEASEHOLD EXCISE TAX LIC INS ES AND PERMITS: 18 FIRE PERMITS -SPECIAL USE 19 POLICE -FINGERPRINTING 20 VENDING MACHINE/CONCESSION 21 FRANCHISE AGREEMENT-COMCAST 22 FRANCHISE FEE-EDUCATION/GOVERNMENT 23 FRANCHISE AGREEMENT-ZIPLY FIBER 24 OLYMPIC VIEW WATER DISTRICT FRANCHISE 25 GENERAL BUSINESS LICENSE 26 DEV SERV PERMIT SURCHARGE 27 RIGHT OF WAY FRANCHISE FEE 28 BUILDING PERMIT S 29 FIRE PERMIT 30 ENGINEERING PERMIT 31 ANIMAL LICENSES 32 STREET AND CURB PERMIT 33 STREET AND CURB PERMIT W/LEASEHOLD TAX 34 OT R NON -BUS LIC/PERMIT S 35 SPECIAL EVENT REVIEW INTERGOVERNMENTAL: 36 DOJ 15-0404-0-1-754 - BULLET PROOF VEST 37 HIGH VISIBILITY ENFORCEMENT 38 STATE GRANTS - BUDGET ONLY 39 PUD PRIVILEDGE TAX 40 TRIAL COURT IMPROVEMENT 41 CJ - POPULATION 42 CRIMINAL JUSTICE -SPECIAL PROGRAMS 43 MARIJUANA EXCISE TAX DISTRIBUTION 44 DUI - CITIES 45 FIRE INS PREMIUM TAX 46 LIQUOR EXCISE TAX 47 LIQUOR BOARD PROFITS 48 MISCELLANEOUS INT ERLOCAL REVENUE 49 INTERLOCAL GRANTS 50 FIRST RESPONDERS FLEX FUND $ 11,327,000 $ 147,332 $ 280,418 $ 11,046,582 20/ 4,578,000 59,032 107,491 4,470,509 20/ 500 - 1 499 00/ 12,300,000 1,908,832 2,034,598 10,265,402 170/ 9,600 - 1,975 7,625 210/ 1,150,000 182,193 182,891 967,109 160/ 1,900,000 393,380 407,929 1,492,071 210/ 895,000 242,800 211,641 683,359 240/ 384,000 60,567 58,388 325,612 1501 1,047,289 143,978 154,868 892,421 1501 1,123,814 166,439 185,988 937,826 170/ 690,196 135,983 150,612 539,584 220/ 850,000 66,442 128,531 721,469 1501 773,000 54,319 73,188 699,812 90/ 80,200 22,264 7,969 72,231 100/ 350 - - 350 00/ 326,000 77,872 81,406 244,594 250/ 37,434,949 3,661,434 4,067,892 33,367,057 110, 250 50 - 250 00/ 700 140 110 590 160/ 84,500 17,364 11,109 73,391 130/ 702,700 171,516 165,020 537,680 230/ 41,000 2,796 5,043 35,957 120/ 100,600 9,373 - 100,600 00/ 450,000 101,463 103,741 346,260 23°1 250,000 42,587 50,125 199,875 200/ 80,000 14,320 18,315 61,685 230/ 30,000 13,962 62,575 (32,575) 2090/ 160,000 113,817 14,847 145,153 90/ - - 2,000 (2,000) 00/ - - 18,671 (18,671) 00, 24,000 8,762 4,802 19,198 200/ 50,000 17,130 (330) 50,330 -10i - - 1,587 (1,587) 00/ 20,000 - 3,309 16,691 170/ - 2,517 150 (150) 00/ 1,993,750 515,796 461,073 1,532,677 230i 9,000 - - 9,000 00, 11,100 3,845 11,100 00/ 20,000 - 20,000 00/ 210,500 - 210,500 00/ 16,740 5,338 - 16,740 00/ 13,070 3,758 4,002 9,068 310/ 50,600 13,294 14,091 36,509 280/ 125,000 - - 125,000 00/ 4,500 53 1,429 3,071 320/ 75,000 - - 75,000 00/ 325,000 71,223 73,033 251,967 220/ 343,200 - - 343,200 00/ - 500 - - 00, - - 94,684 (94,684) 00/ 1,000 - - 1,000 00/ 1,204,710 98,011 187,239 1,017,471 160, 2024 Local Retail Sales/Use Tax revenues are $125,765 higher than 2023 revenues Please also see pages pages 3 & 4. O M d is C �0 C LL % t r c O 2 le N O N O O L d LL 19 Packet Pg. 22 2.1.a Page 2 of 3 CITY OF FDMO NDS REVENUES - GENERAL FUND 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Revenues Revenues Remaining %Received CHARGES FOR GOODS AND SERVICES: 1 RECORD/LEGAL INSTRUMENTS 2 ATM SURCHARGE FEES 3 CREDIT CARD FEES 4 COURT RECORD SERVICES 5 D/M COURT REC SER 6 WARRANT PREPARATION FEE 7 IT TIME PAY FEE 8 MUNIC.-DIST. COURT CURREXPEN 9 CLERKS TIME FOR SALE OF PARKING PERMIT S 10 PHOTOCOPIES 11 POLICE DISCLOSURE REQUESTS 12 ENGINEERING FEES AND CHARGES 13 ELECTION CANDIDATE FILING FEES 14 CUSTODIAL SERVICES(SNO-ISLE) 15 PASSPORTS AND NATURALIZATION FEES 16 POLICE SERVICES SPECIAL EVENTS 17 CAMPUS SAFETY-EDM. SCH. DIST. 18 WOODWAY-LAW PROTECTION 19 CJTC TAC REIMBURSEMENT 20 FIRE DISTRICT #1 STATION BILLINGS 21 LEGAL SERVICES 22 ADULT PROBATION SERVICE CHARGE 23 BOOKING FEES 24 FIRE CONSTRUCTION INSPECTION FEES 25 EMERGENCY SERVICE FEES 26 EMS TRANSPORT USER FEE 27 FLEX FUEL PAYMENTS FROM STATIONS 28 ZONING/SUBDIVISION FEE 29 BUILDING PLAN REVIEW AND INSPECTION 30 FIRE PLAN REVIEW 31 PLANNINGREVIEW AND INSPECTION 32 S.E.P.A. REVIEW 33 ENGINEERING PLAN REVIEW AND INSPECTION 34 CRITICAL AREA STUDY 35 GYM AND WEIGHT ROOM FEES 36 PROGRAM FEES 37 HOLIDAY MARKET REGISTRATION FEES 38 UPTOWN EVENING MARKET FEES 39 WINTER MARKET FEES 40 LUNAR NEW YEARS FEES 41 BIRD FEST REGISTRATION FEES 42 INTERFUND REIMBURSEMENT -CONTRACT SVCS $ 3,000 $ 401 $ 1,295 $ 1,706 430/ 600 30 76 524 130/ 1,000 - - 1,000 00/ 150 150 00, 300 300 00, 4,000 4,000 00/ 1,000 21 1 999 00/ 50 56 32 18 640/ 25,000 - 25,000 00/ 100 - 18 82 180/ 1,000 - 1,000 00/ 190,000 20,166 190,000 00/ 1,400 - - 1,400 00/ 80,000 12,205 6,557 73,443 80/ 70,000 8,960 7,880 62,120 110/ 30,000 - - 30,000 00/ 14,000 - 14,000 00/ 210,970 56,856 - 210,970 00/ - - 16,585 (16,585) 00/ 67,000 19,794 16,593 50,407 250/ 1,050 - - 1,050 00/ 38,000 1,492 709 37,291 20/ 3,000 35 45 2,955 20/ 10,000 2,796 5,695 4,305 570/ 3,500 157 151 3,349 40/ 1,200,000 - - 1,200,000 00/ 5,000 754 5,000 00/ 65,600 24,340 - 65,600 00/ 940,000 84,021 127,833 812,167 140/ 19,000 3,853 7,744 11,256 410/ 50,500 - 27,006 23,494 530/ 6,000 1,480 1,690 4,310 280/ 225,000 - 20,835 204,165 90/ 14,000 3,300 3,717 10,283 270/ 9,500 2,222 4,611 4,889 490/ 787,792 53,638 97,838 689,954 120/ 5,000 455 445 4,555 90/ 5,000 - - 5,000 00/ 5,000 7,265 4,820 180 960/ - - 1,180 (1,180) 00/ 1,000 - - 1,000 00/ 4,027,314 201,435 646,660 3,380,654 160/ 8,120,826 505,733 1,000,015 7,120,811 120/ O M d is C O C LL T t r c O 2 le N 0 N O O d LL 20 Packet Pg. 23 2.1.a Page 3 of 3 CITY OF EDMO NDS REVENUES - GENERAL FUND 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Revenues Revenues Remaining %Received FINES AND PENALTIES: 1 PROOF OF VEHICLE INS PENALTY 2 TRAFFIC INFRACTION PENALTIES 3 NC TRAFFIC INFRACTION 4 TRAFFIC CAMERA INFRACTIONS 5 CRT COST FEE CODE LEG ASSESSMENT (LGA) 6 CURRENT TRAFFIC INFRACTIONS 7 NON -TRAFFIC INFRACTION PENALTIES 8 OTHERINFRACTIONS'04 9 PARKING INFRACTION PENALTIES 10 PARK/INDDISZONE 11 DWI PENALTIES 12 DUI - DP ACCT 13 CRIM CNV FEE DUI 14 DUI - DP FEE 15 CRIMINAL TRAFFIC MISDEMEANOR 8/03 16 CRIMINAL CONVICTION FEE CT 17 CRIM CONV FEE CT 18 OTHER NON-T RAF MISDEMEANOR PEN 19 OTHER NON TRAFFIC MISD. 8/03 20 COURT DV PENALTY ASSESSMENT 21 CRIMINAL CONVICTION FEE CN 22 CRIM CONV FEE CN 23 PUBLIC DEFENSE RECOUPMENT 24 BANK CHARGE FOR CONV. DEFENDANT 25 COURT COST RECOUPMENT 26 BUS. LICENSE PERMIT PENALTY 27 MISC FINESAND PENALTIES MISCELLANEOUS: 28 INVESTMENT INTEREST 29 INTEREST ON COUNTY TAXES 30 INTEREST - COURT COLLECTIONS 31 LOAN INTEREST 32 SPACE/FACILITIES RENTALS 33 BRACKET ROOM RENTAL 34 LEASESLONGTERM 35 DONATION/CONTRIBUTION 36 PARKSDONATIONS 37 BIRD FEST CONTRIBUTIONS 38 POLICE CONTRIBUTIONS FROM PRIV SOURCES 39 SALE OF JUNK/SALVAGE 40 SALES OF UNCLAIM PROPERTY 41 CONFISCATED AND FORFEITED PROPERTY 42 OTHER JUDGEMENT S✓SETTLEMENT 43 POLICE JUDGMENTS/RESTITUTION 44 CASHIER'S OVERAGES✓SHORTAGES 45 OTHER MISC REVENUES 46 SMALL OVERPAYMENT 47 NSF FEES - PARKS & REC 48 NSF FEES - MUNICIPAL COURT 49 L&I STAY AT WORK PROGRAM 50 US BANK REBATE TRANSFER IN: 51 TRANSFER FROM 014 52 INTERFUND TRANSFER FROM 016 TOTAL GENERAL FUND REVENUE $ 2,000 $ 441 $ 344 $ 1,656 170/ 130,000 22,083 7,247 122,753 60/ 18,000 271 191 17,809 10/ 500,000 - - 500,000 00/ 10,000 457 123 9,877 10, 50,000 5,970 15,699 34,301 310/ 1,000 - - 1,000 00/ 1,500 477 - 1,500 00/ 125,000 2,010 21,524 103,476 170/ 2,000 - 83 1,917 40/ 7,000 1,019 444 6,556 60/ 300 1 - 300 00/ 100 - - 100 00, 1,500 284 218 1,282 150/ 25,000 1,058 206 24,794 10/ 2,000 193 138 1,862 70/ 700 - 4 696 10/ 100 - - 100 00/ 12,000 108 277 11,723 20/ 800 - - 800 00/ 1,000 18 1,000 00/ 200 - - 200 00/ 6,000 534 60 5,940 10/ 4,000 1,011 1,382 2,618 350/ 1,000 196 98 902 100/ 1,000 - - 1,000 00, 150 - - 150 00/ 902,350 36,132 48,038 854,312 50/ 527,860 (10,751) 44,655 483,205 80, 22,630 5,139 8,002 14,628 350/ 2,430 245 116 2,314 501 7,270 - 55,316 (48,046) 7610/ 194,500 7,091 13,192 181,308 70/ 2,100 - - 2,100 00/ 219,192 37,727 39,939 179,253 180/ 1,500 68 - 1,500 00/ 5,000 500 500 4,500 100/ 1,500 - - 1,500 00/ 5,000 - 231 4,769 50/ 300 625 172 128 570/ 3,800 1,415 629 3,171 170/ 2,000 - - 2,000 00/ - 49,007 - - 00/ 200 - 13 187 70/ - - 4 (4) 00/ 5,000 327 21,597 (16,597) 4320/ 100 1 - 100 00/ 100 - 30 70 300/ 150 - 30 120 200/ - 8,702 - 00/ 8,500 2,899 - 8,500 00/ 1,009,132 102,994 184,426 824,706 18", 5,801 - 5,801 00/ 385,274 385,274 - 1000/ 391,075 - 385,274 5,801 990/ $ 51,056,792 $ 4,920,100 $ 6,333,957 $ 44,722,835 120/ O CL d is C 10 C 1L T t r C O 2 le N O N M O N LL 21 Packet Pg. 24 I 2.1.a I Page 1 of 6 C ITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Expenditures Expenditures Remaining %Spent GENERAL FUND EXPENDITURES (001) 1 SALARIES AND WAGES $ 23,095,383 $ 3,741,586 $ 3,729,409 $ 19,365,974 160/( 2 OVERTIME 643,080 130,516 209,962 433,118 330/( 3 HOLIDAY BUY BACK 294,001 824 - 294,001 00/( 4 BENEFITS 7,868,408 1,283,622 1,442,469 6,425,939 180/( 5 UNIFORMS 126,931 22,916 22,787 104,144 180/( 6 PENSION AND DISABILITY PAYMENTS 141,668 14,862 2,932 138,736 20/( 7 SUPPLIES 677,285 39,689 41,679 635,606 60/( 8 SMALL EQUIPMENT 239,791 15,414 7,366 232,425 30/( 9 PROFESSIONAL SERVICES 10,918,360 2,964,798 918,912 9,999,448 80/( 10 COMMUNICATIONS 236,105 14,245 20,008 216,097 80/( 11 TRAVEL 51,187 6,205 2,903 48,284 60/( 12 EXCISE TAXES 30,000 3,177 4,861 25,139 160/( 13 RENTAL/LEASE 3,913,541 437,404 637,995 3,275,546 160/( 14INSURANCE 883,686 625,650 910,495 (26,809) 1030/( 15 UTILITIES 663,800 98,557 102,705 561,095 1501( 16 REPAIRS & MAINTENANCE 388,300 214,245 104,351 283,949 270/( 17 MISCELLANEOUS 424,867 163,085 141,569 283,298 330/( 18 INTERGOVERNMENTAL PAYMENTS 25,000 - 25,000 - 100% 19 INTERFUND SUBSIDIES 650,000 - - 650,000 00% 20 BUILDINGS - 282,622 34,040 (34,040) 00% 21 MACHINERY/EQUIPMENT - 4,264 - - 00/( 22 PRINCIPAL PAYMENT LEASES 300,000 - - 300,000 00/( 23 GENERAL OBLIGATION BOND PRINCIPAL 197,120 - 197,120 00/( 24 INTEREST ON LONG-TERM EXTERNAL DEBT 123,780 - 123,780 00/( 25 OTHER INT EREST & DEBT SERVICE COSTS 500 - 500 00/( 11,892,793 S 10,063,682 8,359,442 43,533,351 160/( LEOFF-MEDICAL INS. RESERVE(009) 26 BENEFITS $ 206,650 $ 38,355 $ 45,116 $ 161,534 220/( 27 PENSION AND DISABILITY PAYMENTS 152,990 12,586 27,586 125,404 180/( 28 PROFESSIONAL SERVICES 7,000 - - 7,000 00% 29 MISCELLANEOUS 500 - - 500 00/( 367,140 50,940 72,702 294,438 20% HISTORIC PRESERVATION GIETFUND (014) 30 SUPPLIES $ 100 $ - $ 4,385 $ (4,285) 43850/( 31 PROFESSIONAL SERVICES 200 - 200 00% 32 MISCELLANEOUS 5,600 5,600 00/( 33 INTERFUND SUBSIDIES 5,801 - 5,801 00% 11,701 4,385 7,316 370% BUILDING MAINTEVANCEFUND (016) 34 PROFESSIONAL SERVICES $ - $ $ 141,909 $ (141,909) $ - 35 REPAIR&MAINTENANCE 740,000 81,158 3,817 736,183 10% 36 INTERFUND SUBSIDIES 385,274 - 385,274 - 1000/( 37 BUILDINGS - 16,739 89,007 (89,007) 00/( 28 CONST RUCT IONS P ROJECT S - - (497) 497 00/( 1,125,274 97,897 619,510 505,764 550% DRUG ENFORCEMENTFUND (104) 39 SMALL EQUIPMENT $ 39,000 $ - $ $ 39,000 00% 39,000 - $ 39,000 0% O CL d is C 10 C LL T t rr C O N O N R 7 L d LL 22 Packet Pg. 25 I 2.1.a I Page 2 of 6 CITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Expenditures Expenditures Remaining %Spent STREETFUND (111) 1 SALARIES AND WAGES $ 974,440 $ 290,986 $ 165,494 $ 808,946 170N 2 OVERTIME 38,400 6,421 9,317 29,083 240/( 3 BENEFITS 444,582 92,465 70,497 374,085 160% 4 UNIFORMS 6,000 494 4,798 1,202 800% 5 SUPPLIES 263,000 11,241 17,442 245,558 70% 6 SMALL EQUIPMENT 90,000 552 - 90,000 00/( 7 PROFESSIONAL SERVICES 23,210 4,556 209 23,001 10% 8 COMMUNICATIONS 4,500 720 684 3,816 150% 9 TRAVEL 1,000 - - 1,000 00% 10 RENTAL/LEASE 311,630 50,484 51,592 260,038 170/( 11 INSURANCE 167,350 126,467 172,427 (5,077) 1030/( 12 UTILITIES 273,730 25,721 26,016 247,714 100% 13 REPAIRS & MAINTENANCE 52,000 1,829 2,044 49,956 40/( 14 MISCELLANEOUS 8,000 5,778 1,527 6,473 190/( 15 GENERAL OBLIGATION BOND PRINCIPAL 4,420 - - 4,420 00/( 16INTEREST 230 230 00% $ 2,662,492 $ 617,715 $ 522,047 $ 2,140,445 200% COMBINED STREEI'CONST/IMPROVE(112) 17 PROFESSIONAL SERVICES $ 3,355,856 $ 65,375 $ 47,858 $ 3,307,998 10% 18 REPAIRS&MAINTENANCE 541,167 - - 541,167 00% 19 INTERFUND SUBSIDIES 320,002 - 320,002 00/( 20 LAND 375,000 - - 375,000 00/( 21 CONSTRUCTION PROJECTS 748,610 685,650 - 748,610 00/( 22 INTERGOVERNMENTAL LOANS 54,070 - - 54,070 00% 23 INTEREST 610 - - 610 00/( $ 5,395,315 $ 751,025 $ 47,858 $ 5,347,457 10/( MUNIC IPAL ARTS AC Q UIS. FUND (117) 24 SUPPLIES $ 4,700 $ 427 $ 19 $ 4,681 00/( 25 SMALL EQUIPMENT 1,700 - - 1,700 00/( 26 PROFESSIONAL SERVICES 266,500 1,855 - 266,500 00/( 27 TRAVEL 80 - - 80 00/( 28 RENTAL/LEASE 3,000 - 3,000 00% 29 REPAIRS & MAINTENANCE 300 - - 300 00/( 30 MISCELLANEOUS 6,600 30 1,281 5,319 190/( $ 282,880 $ 2,312 $ 1,299 $ 281,581 00% HO TELIMO TEL TAX REVENUE FUND (120) 31 PROFESSIONAL SERVICES $ 127,400 $ 370 $ 5,857 $ 121,543 501( 32 INTERFUND SUBSIDIES 4,000 - - 4,000 00/( $ 131,400 $ 370 $ 5,857 $ 125,543 40/( EMPLO YEE PARKING PERMIT FUND (121) 33 SUPPLIES $ 1,790 $ - $ - $ 1,790 00/( 34 PROFESSIONAL SERVICES 25,090 25,090 00/( $ 26,880 $ $ $ 26,880 00% YOUTH SCHOLARSHIP FUND (122) 35 MISCELLANEOUS $ 3,000 $ $ 75 $ 2,925 30/( $ 3,000 $ $ 75 $ 2,925 30/( TO URIS M PRO MO TIO NAL FUND/ARTS (123) 36 PROFESSIONAL SERVICES $ 43,400 $ 780 $ 800 $ 42,600 20% $ 43,400 $ 780 $ 800 $ 42,600 20/( 23 Packet Pg. 26 I 2.1.a I Page 3 of 6 CITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Expenditures Expenditures Remaining %Spent REAL ESTATE EXCISE TAX 2 (125) 1 PROFESSIONAL SERVICES $ 862,024 $ 9,072 $ 34,246 $ 827,778 40/( 2 REPAIRS&MAINTENANCE 1,159,292 13,094 27,490 1,131,802 20/( 3 INTERFUND SUBSIDIES 1,060 - - 1,060 00% 4 CONSTRUCTION PROJECTS 754,370 148,748 6,542 747,828 10% $ 2,776,746 $ 170,915 $ 68,278 $ 2,708,468 20% REAL ESTATE EXCISE TAXI (126) 5 PROFESSIONAL SERVICES 6 REPAIRS & MAINTENANCE 7 INTERFUND SUBSIDIES 8 LAND 9 CONSTRUCTION PROJECTS 10 GENERAL OBLIGATION BONDS 11 INTEREST GIFTS CATALOG FUND (127) 12 SALARIES AND WAGES 13 OVERTIME 14 BENEFIT S 15 UNIFORMS 16 SUPPLIES 17 SMALL EQUIPMENT 18 PROFESSIONAL SERVICES 19 RENTAL/LEASE 20 MISCELLANEOUS 21 INTERFUND SUBSIDIES C EMEIERY MAINTEVANC EIMPRO VEMENT (130) 22 SALARIES AND WAGES 23 OVERTIME 24 BENEFIT S 25 UNIFORMS 26 SUPPLIES 27 SUPPLIES PURCHASED FOR INVENTORY/RESALE 28 PROFESSIONAL SERVICES 29 COMMUNICATIONS 30 TRAVEL 31 RENTAL/LEASE 32 UTILITIES 33 REPAIRS & MAINTENANCE 34 MISCELLANEOUS CEMETERY MAINTENANCE TRUST FUND (137) 35 SMALL EQUIPMENT 36 INTERFUND SUBSIDIES SISTER CITY COMMISSION (138) 37 SUPPLIES 38 TRAVEL 39 MISCELLANEOUS BUSINESS IMPROVEMENTDISTRICTFUND (140) 40 SUPPLIES 41 PROFESSIONAL SERVICES 42 MISCELLANEOUS EDMONDS RESCUEPLAN FUND (142) 43 PROFESSIONAL SERVICES TREE FUND (143) 44 SUPPLIES 45 PROFESSIONAL SERVICES 46 LAND $ 419,638 $ 3,765 $ 49,996 $ 369,642 120/( 695,288 - - 695,288 00/( 141,881 - 141,881 00/( - 2,800 (2,800) 00/( 474,402 - 474,402 00/( 220,700 - 220,700 00/( 142,200 - - 142,200 00% $ 2,094,109 $ 3,765 $ 52,796 $ 2,041,313 30/( $ 269,146 $ $ 31,592 $ 237,554 120% - - - 0% 127,000 12,380 114,620 100% 2,240 - 2,240 00/( 170,000 7,998 4,998 165,002 30/( 500 - - 500 00/( 32,500 - - 32,500 00/( 16,660 2,918 2,777 13,883 170% 600 173 174 426 290N - - - - 0% $ 618,646 $ 11,089 $ 51,922 $ 566,724 80/( $ 152,092 $ 32,589 $ 19,097 $ 132,995 130% 3,500 - 234 3,266 70% 82,132 9,758 5,244 76,888 60% 1,120 - - 1,120 00/( 7,000 1,859 1,765 5,235 250/( 20,000 2,886 1,681 18,319 80/( 4,200 793 - 4,200 00N 1,700 288 288 1,412 170% 500 - - 500 00% 8,250 1,593 1,409 6,841 170% 5,565 253 335 5,230 60/( 500 - - 500 00/( 4,000 2,569 - 4,000 00/( $ 290,559 $ 52,587 $ 30,052 $ 260,507 100% $ 26,500 $ $ - $ 26,500 00% 73,000 - 73,000 00/( $ 99,500 $ $ - $ 99,500 00/( $ 1,500 $ $ - $ 1,500 00% 4,500 - 4,500 00% 5,900 153 - 5,900 00% $ 11,900 $ 153 $ - $ 11,900 00/( $ 10,750 $ 298 $ 9 $ 10,741 00/( 88,425 4,873 5,925 82,500 70/( 4,370 173 128 4,242 30/( 103,545 5,344 6,062 97,483 60/( $ 6,550,000 $ 519,688 $ 2,751,126 $ 3,798,874 420% 6,550,000 519,688 2,751,126 3,798,874 42% $ 1,000 $ $ - $ 1,000 00% 14,800 - 14,800 00% 199,000 - 199,000 00% 214,800 - 214,800 0% O M d is C �0 C U- T t C O 2 le N 0 N 10 7 L d LL 24 Packet Pg. 27 Page 4 of 6 CITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Expenditures Expenditures Remaining %Spent 2012 LTGO DEBT SERVIC FUND (231) 1 GENERAL OBLIGATION BOND $ 240,000 $ $ - $ 240,000 00/( 2 INTEREST 70,420 - 70,420 00% $ 310,420 $ $ $ 310,420 00% PARKS CONSTRUCTION FUND (332) 3 SUPPLIES 4 PROFESSIONAL SERVICES 5 CONSTRUCTION PROJECTS WATER FUND (421) 6 SALARIES AND WAGES 7 OVERTIME 8 BENEFIT S 9 UNIFORMS 10 SUPPLIES 11 WATER PURCHASED FOR RESALE 12 SUPPLIES PURCHASED FOR INVENTORY/RESALE 13 SMALL EQUIPMENT 14 PROFESSIONAL SERVICES 15 COMMUNICATIONS 16 TRAVEL 17 EXCISE TAXES 18 RENTAL/LEASE 19 INSURANCE 20 UTILITIES 21 REPAIRS & MAINTENANCE 22 MISCELLANEOUS 23 INTERFUND SUBSIDIES 24 CONSTRUCTION PROJECTS 25 GENERAL OBLIGATION BONDS 26 REVENUE BONDS 27 INTERGOVERNMENTAL LOANS 28 INTEREST STORM FUND (422) 29 SALARIES AND WAGES 30 OVERTIME 31 BENEFIT S 32 UNIFORMS 33 SUPPLIES 34 SMALL EQUIPMENT 35 PROFESSIONAL SERVICES 36 COMMUNICATIONS 37 TRAVEL 38 EXCISE TAXES 39 RENTAL/LEASE 40 INSURANCE 41 UTILITES 42 REPAIR & MAINTENANCE 43 MISCELLANEOUS 44 INTERFUND SUBSIDIES 45 LAND 46 CONSTRUCTION PROJECTS 47 GENERAL OBLIGATION BONDS 48 REVENUE BONDS 49 INTERGOVERNMENTAL LOANS 50 INTEREST $ $ - $ 497 $ (497) 00/( 10,982 - - 00/( 54,535 510,743 - 54,535 00/( $ 54,535 $ 521,725 $ 497 $ 54,038 10/( $ 1,126,709 $ 234,617 $ 139,058 $ 987,651 120% 24,000 1,936 4,200 19,800 170/( 505,643 72,644 66,756 438,887 130/( 4,000 1,598 2,272 1,728 570/( 150,000 34,420 21,619 128,381 140/( 2,398,000 153,888 160,330 2,237,670 70% 180,000 19,051 22,383 157,617 120/( 22,460 1,440 - 22,460 00/( 2,976,926 258,264 182,920 2,794,006 60/( 35,000 4,027 6,466 28,534 180/( 200 - - 200 00/( 1,487,289 223,810 238,893 1,248,396 160/( 189,052 31,275 31,483 157,569 170/( 135,625 225,379 139,740 (4,115) 1030/( 35,000 6,673 6,726 28,274 190/( 216,130 11,705 10,915 205,215 501( 203,600 46,799 58,748 144,852 290/( 642,130 - - 642,130 00/( 2,955,000 47,283 - 2,955,000 00/( 2,970 - - 2,970 00/( 353,590 - 353,590 00/( 25,840 - 25,840 00/( 168,420 - - 168,420 00/( $ 13,837,584 $ 1,374,809 $ 1,092,506 $ 12,745,078 80/( $ 1,013,672 $ 281,083 $ 174,165 $ 839,507 170/( 26,000 1,482 150 25,850 10% 413,048 81,937 60,712 352,336 1501( 6,500 1,187 4,598 1,902 710% 46,000 2,051 6,369 39,631 140% 4,000 - - 4,000 00% 3,642,016 99,251 206,457 3,435,559 60/( 3,200 574 1,852 1,348 580/( 4,300 - - 4,300 00/( 754,196 148,903 164,619 589,577 220% 314,693 48,547 52,139 262,554 170% 110,972 31,680 114,339 (3,367) 1030% 13,125 2,743 2,972 10,153 230/( 289,130 11,065 10,769 278,361 40/( 240,300 28,818 56,484 183,816 240/( 279,560 - - 279,560 00% 480,000 - - 480,000 00/( 1,625,730 75,768 - 1,625,730 00/( 108,240 - - 108,240 00/( 168,500 - 168,500 00/( 61,600 - 61,600 00% 92,640 - - 92,640 00/( $ 9,697,422 $ 815,089 $ 855,625 $ 8,841,797 90/( 25 Packet Pg. 28 2.1.a Page 5 of 6 CITY OF EDMO NDS EXPENDITURPS BY FUND - DETAIL 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Expenditures Expenditures Remaining %Spent SEWER FUND (423) 1 SALARIES AND WAGES $ 3,111,357 $ 654,687 $ 473,271 $ 2,638,086 150% 2 OVERTIME 130,000 39,708 45,047 84,953 350% 3 BENEFITS 1,199,819 209,033 174,157 1,025,662 1501( 4 UNIFORMS 11,500 4,910 3,480 8,020 300/( 5 SUPPLIES 571,500 66,775 40,258 531,242 70/( 6 FUEL CONSUMED 20,000 - - 20,000 00/( 7 SUPPLIES PURCHASED FOR INV OR RESALE 5,000 - - 5,000 00% 8 SMALL EQUIPMENT 75,000 2,146 238 74,762 00% 9 PROFESSIONAL SERVICES 5,124,947 359,266 280,937 4,844,010 50% 10 COMMUNICATIONS 48,000 5,497 7,258 40,742 150% 11 TRAVEL 5,000 - 574 4,426 110% 12 EXCISE TAXES 1,338,814 203,074 228,962 1,109,852 170% 13 RENTAL/LEASE 438,031 52,058 72,461 365,570 170/( 14 INSURANCE 553,988 360,663 570,794 (16,806) 1030/( 15 UTILITIES 1,972,060 320,237 315,031 1,657,029 160/( 16 REPAIR&MAINTENANCE 600,630 37,589 107,128 493,502 180/( 17 MISCELLANEOUS 338,350 56,516 65,485 272,865 190/( 18 INTERFUND SUBSIDIES 3,066,814 - - 3,066,814 00/( 19 MACHINERY/EQUIPMENT 1,580,000 - 1,580,000 00/( 20 CONSTRUCTION PROJECTS 2,565,817 - 2,565,817 00/( 21 GENERAL OBLIGATION BONDS 130,980 - 130,980 00% 22 REVENUE BONDS 57,930 - - 57,930 00% 23 INTERGOVERNMENTAL LOANS 104,730 15,754 16,121 88,609 150% 24 INTEREST 347,240 2,582 2,374 344,866 10% 25 OTHER INTEREST & DEBT SERVICE COSTS - 1,948 1,791 (1,791) 00% $ 23,397,507 $ 2,392,445 $ 2,405,366 $ 20,992,141 100/( BOND RESERVE FUND (424) 26 REVENUE BONDS $ 875,020 $ $ $ 875,020 00/( 27 INTEREST 1,113,810 1,113,810 00/( $ 1,988,830 $ $ $ 1,988,830 07/( O Q d is C 10 C LL T t rr C O 2 le N O N R 3 d LL 26 Packet Pg. 29 I 2.1.a I Page 6 of 6 CITY OF EDMO NDS EXPENDITURES BY FUND - DETAIL 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Expenditures Expenditures Remaining %Spent EQUIPMENT RENTAL FUND (511) 1 SALARIES AND WAGES $ 425,142 $ 97,841 $ 71,913 $ 353,229 170% 2 OVERTIME 2,000 - 1,260 740 630X 3 BENEFITS 155,443 26,630 25,545 129,898 160X 4 UNIFORMS 1,500 476 984 516 660X 5 SUPPLIES 149,120 11,292 20,329 128,791 140X 6 FUEL CONSUMED 1,000 - - 1,000 00% 7 SUP P LIES PURCHASED FOR INVENT ORY/RE SALE 458,880 54,331 47,559 411,321 10% 8 SMALL EQUIPMENT 58,000 148 1,363 56,637 20% 9 PROFESSIONAL SERVICES 47,500 302 247 47,253 1% 10 COMMUNICATIONS 3,000 392 485 2,515 160X 11 TRAVEL 1,000 - - 1,000 00X 12 RENTAL/LEASE 16,830 2,795 2,659 14,171 160X 13 INSURANCE 70,797 50,178 72,881 (2,084) 1030X 14 UTILITIES 24,000 4,817 4,131 19,869 170% 15 REPAIRS & MAINTENANCE 60,000 7,361 29,772 30,228 500% 16 MISCELLANEOUS 12,000 1,398 1,103 10,897 90X 17 MACHINERY/EQUIPMENT 1,288,000 435,295 24,165 1,263,835 20X $ 2,774,212 $ 693,256 $ 304,396 $ 2,469,816 11% TECHNOLOGY RENTAL FUND (512) 18 SALARIES AND WAGES $ 654,329 $ 82,842 $ 101,325 $ 553,004 150% 19 OVERTIME 2,000 - 662 1,338 330% 20 BENEFITS 226,298 25,429 38,131 188,167 170X 21 SUPPLIES 5,000 1,047 418 4,582 80X 22 SMALL EQUIPMENT 220,300 15,176 17,102 203,198 80% 23 PROFESSIONAL SERVICES 61,860 9,468 940 60,920 20% 24 COMMUNICATIONS 58,770 6,455 6,615 52,155 11% 25 TRAVEL 1,500 - - 1,500 00X 26 RENTAL/LEASE 5,190 273 365 4,825 70% 27 REPAIRS& MAINTENANCE 664,229 379,945 373,094 291,135 560% 28 MISCELLANEOUS 55,600 9,711 18 55,582 00% 29 MACHINERY/EQUIPMENT 56,000 - - 56,000 00X $ 2,011,076 $ 530,347 $ 538,670 $ 1,472,406 270% TOTAL EXPENDITURE ALL FUNDS $ 128,812,666 $ 18,675,934 $ 17,791,272 $ 111,021,394 140X O Q d is C 10 C LL T t rr C O 2 le N O N R 3 d LL 27 Packet Pg. 30 2.1.a Page 1 of 1 CITY OF EDMO NDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN SUMMARY 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Expenditures Expenditures Remaining %Spent CITY COUNCIL OFFICE OF MAYOR HUMAN RESOURCES MUNICIPAL COURT ADMINISTRATIVE SERVICES CITY ATTORNEY NON -DEPARTMENTAL POLICE SERVICES SATELLITE OFFICE COMMUNITY SERVICESIECONOMIC DEV. PLANNING& DEVELOPMENT HUMAN SERVICES PROGRAM PARKS& RECREATION PUBLIC WORKS FACILITIES MAINTENANCE $ 479,286 $ 71,252 $ 94,579 $ 384,707 20% 490,875 63,133 69,412 421,463 14% 1,222,438 164,590 233,493 988,945 19% 1,811,176 231,321 280,344 1,530,832 15% 2,825,453 571,249 483,335 2,342,118 17% 0 CL 1,161,780 109,813 127,250 1,034,530 11% d 0� 6,857,495 3,380,586 1,465,934 5,391,561 21% 5 17,478,540 2,119,852 2,643,606 14,834,934 15% C C 172,105 17,625 27,210 144,895 16% LL T 1,162,045 172,586 170,475 991,570 15% r C 4,251,605 595,086 536,869 3,714,736 13% 0 320,940 34,052 37,440 283,500 12% N 0 6,520,597 958,125 924,147 5,596,450 14% N 4,500,279 639,116 719,464 3,780,815 16% M L 2,638,179 935,298 545,881 2,092,298 21% $ 51,892,793 $ 10,063,682 $ 8,359,442 $ 43,533,351 16% .�.. CITY OF EDMO NDS EXPENDITURES - UTILITY- BY FUND IN SUMMARY Title 2024 Adopted Budget 2/28/2023 Expenditures 2/29/2024 Expenditures Amount Remaining %Spent WATER UTILITY FUND $ 13,837,584 $ 1,374,809 $ 1,092,506 $ 12,745,078 8% STORM UTILITY FUND 9,697,422 815,089 855,625 8,841,797 9% SEWER/WWTP UTILITY FUND 23,397,507 2,392,445 2,405,366 20,992,141 10% BOND RESERVE FUND 1,988,830 - - 1,988,830 0% $ 48,921,343 $ 4,582,343 $ 4,353,497 $ 44,567,846 9% 28 Packet Pg. 31 I 2.1.a I Page I of 2 CITY OF EDMO NDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DETAIL Title 2024 Adopted Budget 2/28/2023 Expenditures 2/29/2024 Expenditures Amount Remaining %Spent CITY COUNCIL SALARIES AND WAGES $ 253,724 $ 36,414 $ 40,614 $ 213,110 16% BENEFITS 106,715 17,150 23,464 83,251 22% SUPPLIES 1,462 417 81 1,381 6% SERVICES 117,385 17,271 30,421 86,964 26% $ 479,286 $ 71,252 $ 94,579 $ 384,707 20% OFFICEOFMAYOR SALARIES AND WAGES $ 302,809 $ 42,826 $ 46,846 $ 255,963 15% BENEFITS 96,402 14,944 13,400 83,002 14% SUPPLIES 1,097 284 240 857 22% SERVICES 90,567 5,079 8,927 81,640 10% $ 490,875 $ 63,133 $ 69,412 $ 421,463 14% HUMAN RES O URC ES SALARIES AND WAGES $ 752,306 $ 85,877 $ 104,738 $ 647,568 14% BENEFITS 241,822 32,456 40,423 201,399 17% SUPPLIES 10,026 241 172 9,854 2% SERVICES 218,284 46,017 88,160 130,124 40% $ 1,222,438 $ 164,590 $ 233,493 $ 988,945 19% MUNIC IPAL C O URT SALARIES AND WAGES $ 1,137,525 $ 160,069 $ 173,028 $ 964,497 15% BENEFITS 349,462 50,721 58,997 290,465 17% SUPPLIES 11,600 - 467 11,133 4% SERVICES 312,589 20,530 47,852 264,737 15% $ 1,811,176 $ 231,321 $ 280,344 $ 1,530,832 15% ADMINIS TRATIVE S ERVIC ES SALARIES AND WAGES $ 1,886,891 $ 363,732 $ 284,511 $ 1,602,380 15% BENEFITS 539,701 94,903 87,537 452,164 16% SUPPLIES 11,965 620 2,129 9,836 18% SERVICES 386,896 111,993 109,158 277,738 28% $ 2,825,453 $ 571,249 $ 483,335 $ 2,342,118 17% C TIY ATTORNEY SERVICES $ 1,161,780 $ 109,813 $ 127,250 $ 1,034,530 11% $ 1,161,780 $ 109,813 $ 127,250 $ 1,034,530 11% NON -DEPARTMENTAL SALARIES AND WAGES $ (2,100,000) $ - $ - $ (2,100,000) 0% BENEFITS (805,332) 26,301 6,244 (811,576) 0% SUPPLIES 5,000 - - 5,000 0% SERVICES 8,761,427 3,354,285 1,434,690 7,326,737 16% INTERFUND SUBSIDIES 675,000 - 25,000 650,000 4% DEBT SERVICE - PRINCIPAL 197,120 - - 197,120 0% DEBT SERVICE - INTEREST 124,280 124,280 0% $ 6,857,495 $ 3,380,586 $ 1,465,934 $ 5,391,561 21% PO LIC E S ERVIC ES SALARIES AND WAGES $ 11,085,782 $ 1,317,989 $ 1,649,341 $ 9,436,441 15% BENEFITS 3,799,900 480,018 621,409 3,178,491 16% SUPPLIES 276,426 17,304 16,568 259,858 6% SERVICES 2,016,432 304,541 356,287 1,660,145 18% DEBT SERVICE - PRINCIPAL 300,000 300,000 0% $ 17,478,540 $ 2,119,852 $ 2,643,606 $ 14,834,934 15% S ATELLITE O FFIC E SALARIES AND WAGES $ 45,689 $ 7,280 $ 7,614 $ 38,075 17% BENEFITS 31,570 1,383 5,388 26,182 17% SUPPLIES 12,000 - - 12,000 0% SERVICES 82,846 8,961 14,208 68,638 17% $ 172,105 $ 17,625 $ 27,210 $ 144,895 16% 29 Packet Pg. 32 1 I 2.1.a I Page 2 of 2 CITY OF EDMO NDS EXPENDITURES - GENERAL FUND - BY DEPARTMENT IN DEIAAIL 2024 Adopted 2/28/2023 2/29/2024 Amount Title Budget Expenditures Expenditures Remaining %Spent C O MMUNITY S ERVIC ES /EC O N DEV. SALARIES AND WAGES $ 673,413 $ 105,173 $ 113,032 $ 560,381 17% BENEFITS 168,009 26,972 32,620 135,389 19% SUPPLIES 233 391 72 161 31% SERVICES 320,390 40,050 24,751 295,639 8% $ 1,162,045 $ 172,586 $ 170,475 $ 991,570 15% PLANNING & DEVELOPMENT SALARIES AND WAGES $ 2,394,050 $ 367,118 $ 333,602 $ 2,060,448 14% BENEFITS 870,471 134,987 124,832 745,639 14% SUPPLIES 15,879 539 ill 15,768 1% SERVICES 971,205 92,442 78,325 892,880 8% $ 4,251,605 $ 595,086 $ 536,869 $ 3,714,736 13% HUMAN SERVICES PROGRAM SALARIES AND WAGES $ 121,472 $ 18,580 $ 20,406 $ 101,066 17% BENEFITS 34,330 5,336 5,915 28,415 17% SUPPLIES 10,968 - - 10,968 0% SERVICES 154,170 10,135 11,120 143,050 7% 320,940 34,052 37,440 283,500 12% PARKS & REC REATIO N SALARIES AND WAGES $ 3,394,355 $ 612,294 $ 508,565 $ 2,885,790 15% BENEFITS 1,200,364 187,807 201,633 998,731 17% SUPPLIES 433,980 19,143 19,274 414,706 4% SERVICES 1,491,898 138,881 194,675 1,297,223 13% $ 6,520,597 $ 958,125 $ 924,147 $ 5,596,450 14% PUBLIC WORKS ADMINISTRATION SALARIES AND WAGES $ 422,973 $ 69,376 $ 92,867 $ 330,106 22% BENEFITS 128,003 20,963 29,605 98,398 23% SUPPLIES 8,740 2,957 1,158 7,582 13% SERVICES 162,710 14,149 26,135 136,575 16% $ 722,426 $ 107,445 $ 149,765 $ 572,661 21% FACILITIES MAINTENANCE SALARIES AND WAGES 1,132,741 316,947 196,263 936,478 17% BENEFITS 488,518 97,785 82,265 406,253 17% SUPPLIES 115,500 12,345 8,489 107,011 7% SERVICES 901,420 221,335 224,826 676,594 25% MACHINERY/EQUIPMENT 286,886 34,040 (34,040) 0% $ 2,638,179 $ 935,298 $ 545,881 $ 2,092,298 21% ENGINEERING SALARIES AND WAGES $ 2,528,734 $ 369,252 $ 367,945 $ 2,160,789 15% BENEFITS 887,072 129,674 134,458 752,614 15% SUPPLIES 2,200 862 285 1,915 13% SERVICES 359,847 31,882 67,011 292,836 19% $ 3,777,853 $ 531,670 $ 569,699 $ 3,208,154 15% TOTAL GENERAL FUND EXPENDITURES $ 51,892,793 $ 10,063,682 $ 8,359,442 $ 43,533,351 16% O Q d is C 10 C LL % t rr C O 2 le N O N R 3 L d LL 30 Packet Pg. 33 2.1.a GENERAL FUND SUBFUNDS OVERVIEW BALANCES CHANGE IN FUND BALANCES GENERAL FUND ---- ESTIMATES ---- ---- ACTUAL ---- SUBFUNDS 2/29/2024 2/29/2024 Q1 YTD Fund Balance Cash Balance 009-Leoff-Medical Ins. Reserve 76,051 76,051 (72,702: 011-Risk Management Reserve Fund - - - 012-ContingencyReserve Fund 2,228,672 2,228,672 - 014-Historic Preservation Gift Fund 4,559 4,559 (4,385: 016-Building Maintenance 3,209,038 3,209,038 (601,005: 017 - Marsh Restoration & Preservation 853,795 853,795 c 200 ii 018 - Edmonds Homelessness Response Fd 200,000 200,000 - s 019 - Opioid Response Fund 74,119 74,119 - c Total General Fund Subfunds $ 6,646,234 $ 6,646,234 $ - $ (677,892: M N O N There are no interfund loans outstanding at this time. 3 L GOVERNMENTAL FUNDS OVERVIEW o CL BALANCES CHANGE IN FUND BALANCESLL GOVERNMENTAL ---- ESTIMATES ---- ---- ACTUAL ---- s FUNDS 2/29/2024 2/29/2024 Q1 YTD o Fund Balance Cash Balance M N General Fund Subfunds $ 6,646,234 $ 6,646,234 O $ (677,892' N Special Revenue 14,630,539 18,003,467 923,607 3 Capital Projects - Fund 332 172,378 163,615 L 34,445 Total Is 21,449,151 $ 24,813,315 LL $ - $ 280,160 c m E s c� Q Please note that these revenues and expenses occur within annual cycles. This Interim Report is not adjusted for accruals or those annual cycles. 31 Packet Pg. 34 2.1.a SPECIAL REVENUE FUNDS OVERVIEW BALANCES CHANGE IN FUND BALANCES GOVERNMENTAL ---- ESTIMATES ---- ---- ACTUAL ---- SPECIAL REVENUE 2/29/2024 2/29/2024 Q1 YTD Fund Balance Cash Balance 104 - Drug Enforcement Fund $ 40,835 $ 40,835 $ 517 111 - Street Fund (449,073) (429,166) (310,028: 00 112 - Com bined Street Const/Im prove 2,696,940 1,891,901 883,345 M 117 - Municipal Arts Acquis. Fund 657,813 657,813 9,032 Fu 120 - Hotel/Motel Tax Revenue Fund 145,140 145,140 11,756 c 121 - Employee Parking Permit Fund 93,078 93,078 10,341 c 122 - Youth Scholarship Fund 17,789 17,789 151 u_ 123 -Tourism Promotional Fund/Arts 137,346 137,346 6,156 s_ 125 - Real Estate Tax 2,079,341 2,124,861 108,686 = 0 126 - Real Estate Excise Tax 1 * 4,053,073 4,053,073 148,334 M 127 - Gifts Catalog Fund 3,105,577 3,105,577 5,705 c 130- Cemetery Maintenance/Improvement 181,070 181,070 (12,503' N 137 - Cemetery Maintenance Trust Fund 1,213,574 1,213,574 171034 138 - Sister City Commission 18,674 18,674 237 140 -Business Improvement Disrict 61,240 61,240 23,558 Li 141 - Affordable and Supportive Housing Fd 318,310 318,310 17,581 142 - Edmonds Rescue Plan Fund 37,766 4,150,305 833 0 143 - Tree Fund 222,045 222,045 2,871 CL Total Special Revenue $ 14,630,539 $ 18,003,467 $ - $ 923,607 �a *$200,000 of the fund balance in Fund 126 has been reserved for Marsh Restoration Funding, as well as $1,000,000 for the purchase of Open Space. ii ENTERPRISE FUNDS OVERVIEW 0 M It N O N BALANCES CHANGE IN FUND BALANCES ENTERPRISE ---- ESTIMATES ---- ---- ACTUAL ---- FUNDS 2/29/2024 2/29/2024 Q1 YTD u_ Fund Balance Cash Balance; c m 421 -Water Utility Fund $ 33,395,102 $ 10,698,758 $ 709,637 E 422 -Storm Utility Fund* 19,522,677 7,286,192 856,498 s 423 - Sewer/WWTP Utility Fund 61,752,808 15,456,840 489,239 Q 424 - Bond Reserve Fund 866,488 866,488 4,293 411 -Combined Utility Operation 23,640 82,639 23,640 Total Enterprise Funds $ 115,560,715 $ 34,390,916 $ - $ 2,083,307 *$250,000 of the Storm Utility Fund Balance has been reserved for Marsh Restoration Funding. *Please note that these revenues and expenses occur within annual cycles. This Interim Report is not adjusted for accruals or those annual cycles. 32 Packet Pg. 35 INTERNAL SERVICE FUNDS OVERVIEW I 2.1.a I INTERNAL SERVICE FUNDS 511 -Equipment Rental Fund 512 -Technology Rental Fund Total Internal Service Funds BALANCES CHANGE IN FUND BALANCES ---- ESTIMATES ---- ---- ACTUAL ---- 2/29/2024 2/29/2024 Q1 YTD Fund Balance Cash Balance $ 9,652,887 $ 5,359,428 $ 558,380 252,786 $ 10,21 1,268 $ 5,612,214 $ - $ *Please note that these revenues and expenses occur within annual cycles. This Interim Report is not adjusted for accruals or those annual cycles. F 168,717 Q d (175,536: 33 Packet Pg. 36 INVESTMENT PORTFOLIO SUMMARY I 2.1.a I Agency/ Investment Issuer Type FHLB Bonds FM Bonds FNMA Bonds FFCB Bonds FHLB Bonds Spokane County WA Bonds First Financial - Waterfront Center CD FHLMC Bonds Farmer Mac Bonds FHLB Bonds US Treasury Note Note FFCB Bonds Farmer Mac Bonds FHLMC Bonds Farmer Mac Bonds First Financial - ECA CD TOTAL SECURITIES Washington State Local Gov't Investment Pool Snohomish County Local Gov't Investment Pool TOTAL PORTFOLIO City of Edmonds Investment Portfolio Detail As of February 29, 2024 Years Purchase to Par Price 954,866 996,082 992,693 1,960,906 950,774 207,260 245,000 974,798 1,995,088 969,524 964,597 1,982,692 1,994,172 993,661 2,057,309 2,803,516 21,042,939 Issuer Diversification First Spokane Financial - County Farmer CD, 14% WA, 1% Mac, 29% FFCB, 18% FHLMC, ° 10% FHLB, 14% 0.11 0.30 0.34 0.54 0.72 0.76 0.83 1.04 1.13 1.41 1.46 1.78 1.93 2.39 2.72 3.71 1.32 Value 1,000,000 1,000,000 1,000,000 2,000,000 1,000,000 200,000 245,000 1,000,000 2,000,000 1,000,000 1,000,000 2,000,000 2,000,000 1,115,000 2,305,000 2,803,516 21,668,516 28,255,954 11,557,393 Market Value 994,315 992,259 987,970 1,981,484 969,752 195,486 245,000 986,665 1,986,758 982,958 976,211 1,977,981 1,972,046 1,018,496 2,105, 373 2,803,516 21,176,268 28,255,954 11,557,393 $ 61,481,863 $ 60,989,614 Maturity Date 04/10/24 06/17/24 07/02/24 09/13/24 11/18/24 12/01 /24 12/27/24 03/13/25 04/17/25 07/28/25 08/15/25 12/08/25 02/02/26 07/22/26 11/17/26 11/15/27 Demand Demand Coupon Rate 0.35% 2.80% 1.75% 3.50% 0.90% 2.10% 2.47% 3.75% 4.25% 3.60% 3.13% 4.13% 3.95% 0.83% 1.15% 2.96% 5.41 % 2.51 % Checking, Cash and Investment Balances $3.02 , 5%� (in $ Millions) ----Mhhk Note, Bonds, $1.00, 1% $17.62, 27% State LGIP, $28.26, CD's, $3.05 County 44% , 5% LGIP, $11.56 , 18% F O Q N ca C tE C LL s C O M Iq N O N R 3 N LL 34 Packet Pg. 37 1 INVESTMENT PORTFOLIO SUMMARY 2.1.a .,L,000,000 $1,500, 000 ;1,000, 000 $500,000 Annual Interest Income 2019 2020 2021 $1,091,709 2022 2023 YTD 2024 35 Packet Pg. 38 2.2 City Council Agenda Item Meeting Date: 04/9/2024 Electronic Funds Transer (EFT) Policy Staff Lead: Kim Dunscombe Department: Administrative Services Preparer: Kimberly Dunscombe Background/History The State Auditors Office (SAO) recommends the City implement a written policy to include all elements required by the BARS manual 3.8.11 and in accordance with RCW 39.58.750 for all electronic funds transfer (EFT) transactions. The attached policy effectively achieves the goals and recommendations outlined by the SAO. Staff Recommendation Forward City of Edmonds Electronic Funds Transfer policy to the next available consent agenda. Narrative <Type or insert text here> Attachments: Resolution XXX - Edmonds EFT Policy with Attachment A (revised) Packet Pg. 39 2.2.a RESOLUTION NO. XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, ADOPTING THE ELECTRONIC FUNDS TRANSFER (EFT) POLICY AS ATTACHED HERETO. WHEREAS, the City of Edmonds is committed to the highest standards of responsible financial management; and WHEREAS, the City Council Finance Committee reviewed the Electronic Funds Transfer Policy at the March 12, 2024 and at the April 9, 2024 Finance Committee meeting; and WHEREAS, best practice shows that finance related policies should be formally adopted by Resolution; now therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. ADOPT THE CITY OF EDMONDS ELECTRONIC FUNDS TRANSFER (EFT) POLICY. The city council hereby adopts the following attached document: City of Edmonds Electronic Funds Transfer (EFT) Policy to read as set forth in Attachment A hereto, which is attached hereto and incorporated herein by this reference as if set forth in full. 1. RESOLVED this day of 2024. CITY OF EDMONDS MAYOR, MIKE ROSEN ATTEST: CITY CLERK, SCOTT PASSEY FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: RESOLUTION NO. Packet Pg. 40 2.2.a Attachment A 1.0 PURPOSE: The City of Edmonds recognizes the use of various electronic payment methods as a safe and efficient method to process certain disbursements. The City of Edmonds is committed to establishing controls and procedures for the utilization of electronic funds transfer (EFT). This EFT Policy outlines the necessary internal controls and incorporates best practices to ensure secure, efficient and compliant electronic funds transfers within the City of Edmonds. This policy will be reviewed biennially as part of Finance Department policy review in conjunction with the biennial budget process. 2.0 FUNDS AFFECTED: All City funds. 3.0 REFERENCES • RCW 82.32.085: Electronic funds transfer —Generally. (wa.gov) • RCW 39.58.750: Receipt. disbursement. or transfer of public funds by wire or other electronic communication means authorized. (wa • BARS Manual 3.8.11 Electronic Funds Transfer (EFT) - Disbursement • GFOA Best Practices Electronic Payments 4.0 DEFINITIONS • Automated Clearing House (ACH): movement of funds in a batch process, which is best for high volume, low dollar transactions such as payroll, expense reimbursement, and routine vendor payments, as the cost per transaction is low relative to other forms of electronic payment. • Electronic Funds Transfer (EFT): The electronic exchange means any transfer of funds, which is initiated through an electronic terminal, telephonic instrument, or computer so as to order, instruct, or authorize a financial institution to debit or credit a checking or other deposit account. Wire transfers and ACH payments are examples of EFT's. This form of disbursement is authorized by RCW 39.58.750. • Wire Transfer: immediate movement of funds between bank accounts with guaranteed settlement, which is most suitable for high dollar transactions because the cost per transaction is high relative to other forms of electronic payment. 5.0 ELECTRONIC FUNDS TRANSFER POLICY The Administrative Services Department is the only department authorized to initiate EFT's. This policy applies to all employees and authorized individuals involved in initiating, approving, or managing electronic funds transfers on behalf of the City. All EFT payments are subject to applicable Purchasing Policies and all other policies and procedures in relation to the purchase of goods and services. The following concepts are adhered to when developing procedures. • Payroll ACH Payments: Payroll ACHs are initiated by the Accounting Specialist that is responsible for processing and uploading payroll ACH files to the bank's secure site. After the file is uploaded, a secondary approval from either an Accountant Specialist, Accountant or the Director of Administrative Services is required to complete the transaction. Packet Pg. 41 2.2.a • Accounts Payable Template EFTs: Director preapproved templates are used for payments less than or equal to $10,000lew dellar for routine vendor EFTs. These payments are initiated with all the same procedures and controls that govern disbursements by any other mechanism. Template EFTS are restricted to an Accountant or the Director and ^^^^ssi+a*�^anecessitate only one approval at the time of transfer. Any amounts over $10,000 require a second approval. • Accounts Payable One-time EFT: One-time vendor EFTS are initiated with all the same procedures and controls that govern disbursement by any other mechanism. Only Accountants and the Director of Administrative Services are authorized to initiate a one-time EFT, with two separate approvals required. • ACH Vendor Payments: The procedure to initiate an ACH payment is subject to the same procedures and controls that govern disbursement by any other mechanism including a check payment. ACH payments will not be made without proper authorization of affected parties. Currently, with limited exceptions, vendors are paid through a check process. 6.0 INTERNAL CONTROLS The following internal controls have been adopted to ensure all available safety precautions are utilized. • Authorization and Access Control: o Access to initiate or approve EFTS shall be restricted to authorized personnel only. o Authorized users initiating or approving bank transactions shall have separate User IDs and bank tokens. o Authorization levels shall be clearly defined based on job roles and responsibilities. o Access to EFT systems and applications must be regularly reviewed and updated according to personnel changes within the organization. o All EFT transactions must be conducted over secure, encrypted channels to protect sensitive financial information. • Transfer Verification and Approval: o All EFT transactions must be verified and approved by authorized personnel before processing. o Dual authorization shall be required for significant or high -value transactions, involving multiple personnel. o Approval processes must be clearly documented and followed for each type and amount of EFT. • Segregation of Duties: o Responsibilities for initiating, approving, and reconciling EFTs shall be divided among multiple individuals to prevent any single point of failure or fraud. o Individuals responsible for initiating EFTs should not be responsible for reconciling bank statements or account balances. o Multi -factor authentication (MFA) must be tools used for access to EFT systems to enhance security. • Record Keeping and Audit Trails: o Complete and accurate records of all EFT transactions, including approvals, must be maintained and retained in compliance with regulatory requirements. Packet Pg. 42 2.2.a o Audit trails of all EFT activities, including date, time, user, transaction details, and approvals, shall be generated and preserved for auditing purposes. • Training and Awareness: o Regular training and awareness programs on EFT policies, procedure, and best practices shall be provided to employees involved in EFT transactions. o Training should cover security protocols, compliance requirements, and proper handling of EFT -related responsibilities. • Incident Reporting and Response: o Any suspected or actual EFT fraud or security breaches must be reported immediately to designated personnel for investigation and appropriate action. • Compliance with Laws and Regulations: o All EFT activities shall comply with applicable laws and regulations, and industry standards, including but not limited to the Payment Card Industry Data Security Standard (PCI DSS), the Electronic Fund Transfer Act (EFTA), and the Bank Secrecy Act ( BSA). • Compliance and Enforcement: o Violation of this policy may result in disciplinary action, up to and including termination. Compliance with this policy is mandatory for all employees and authorized individuals involved in EFT transactions. Packet Pg. 43 2.3 City Council Agenda Item Meeting Date: 04/9/2024 Council Rules of Procedure Staff Lead: Council President Olson Department: City Council Preparer: Beckie Peterson Background/History In 2013, the City Council passed Resolution No. 1295, which adopted Robert's Rules of Order as its parliamentary authority for the conduct of City Council meetings. In December 2013, the Council passed Resolution No. 1306 adopting a Code of Conduct and in June 2015, the Council approved a Code of Ethics by motion. On January 25, 2021, the Council adopted a new Code of Conduct by motion. Because Resolution No. 1295 is limited to parliamentary procedure in the context of Council meetings, such rules do not address many other processes and procedures in the conduct of City business. It is thought that a more comprehensive set of rules would provide greater understanding and transparency about the roles, rights, and responsibilities of councilmembers and facilitate the orderly conduct of business within the context of council meetings. The draft rules of procedure address Council organization, duties of officers, agenda preparation, meeting management, consent agenda, public testimony, decorum, motions, and other important areas. The draft also includes Council's recent adoption of a Code of Conduct as Section 6; this was done to consolidate all applicable rules into one document. It is important to note that many provisions of these rules of procedure are already governed by other codes, statutes, and rulings. Any provision that is footnoted with a citation to the Revised Code of Washington (RCW), the Edmonds City Code (ECC), or other statute or ruling is included for ease of reference only and is not intended to be adopted as a rule because it already constitutes governing law. Provisions that are not footnoted with a citation to the RCW or ECC are adopted by City Council resolution as the Council's procedural rules and may be amended at any time by subsequent resolution. On April 6, 2021, the Council passed Resolution 1470, which established that the Council adopted its own Code of Conduct separate from that which applies to the Mayor and members of City boards, commissions, committees, and work groups. The proposed Rules of Procedure and the Code of Conduct were presented and discussed on February 4, 2020, January 26, 2021, and April 6, 2021. For comparison purposes, prior drafts of the rules of procedure are included in the online Council meeting packets of February 4, 2020 and March 3, 2020. On April 6, 2021, a motion was passed to table consideration of the draft Rules of Procedure for a period of three weeks. The draft rules were scheduled on the June 1, 2021 council agenda, but consideration was postponed due to lack of time. Packet Pg. 44 2.3 On August 3, 2021, the Council considered the draft rules, made amendments, and instructed the city attorney to bring back additional language for potential amendments to various sections of the rules. A new Section 7 entitled "Code of Ethics" has been added to incorporate the Code of Ethics adopted by the City Council on June 2, 2015. Recommendation Place approval of Council Rules of Procedure Section 13 - Reimbursement of Expenses on next available consent agenda. Narrative It is thought that approving the draft Rules of Procedure by Section, or in segments, would be the most practical approach to accomplishing this 2024 goal. The draft includes 14 sections, as follows: SECTION 1. AUTHORITY SECTION 2. COUNCIL ORGANIZATION SECTION 3. AGENDA PREPARATION - amended and approved 3/26/2024 SECTION 4. CONSENT AGENDA SECTION 5. COUNCIL MEETINGS SECTION 6. COUNCIL CONDUCT SECTION 7. CODE OF ETHICS SECTION 8. PUBLIC TESTIMONY - on PSPHSP committee agenda 4/9/2024 SECTION 9. MOTIONS SECTION 10. ITEMS REQUIRING FOUR VOTES SECTION 11. ITEMS REQUIRING A UNANIMOUS VOTE SECTION 12. COUNCIL REPRESENTATION SECTION 13. REIMBURSEMENT OF EXPENSES - on Finance committee agenda 4/9/2024 SECTION 14. SUSPENSION AND AMENDMENT OF RULES Proposed Workplan for Adopting Council Rules of Procedure 1. Address the draft rules of procedure by section or segments, starting with the most timely/highest priority section(s). 2. Focus on one segment each month: a. City Clerk and Council staff review and indicate any recommended revisions. b. Council President review. C. Place on agenda for review of Council Committee d. If committee recommends segment for council approval on consent - place on a future consent agenda for approval and implement that segment as adopted policy. e. If committee recommends revisions or full council discussion - add to future council business when agenda time allows. Once all segments are approved, adopt a resolution with the comprehensive set of rules of procedures as an attachment. Section 13 - REIMBURSEMENT OF EXPENSES Packet Pg. 45 2.3 Resolution #1516 passed November 1, 2022 and adopted the Employee Expenses, Volunteer Recognition, and Reimbursements policy. The policy includes Council. (Attached) The proposed additions (underlined) to Council Rules of Procedure Section 13 reference the Employee Expenses, Volunteer Recognition, and Reimbursement policy, as well as an option for the Council President to pre -approve councilmember training up to a preauthorized budget amount annually with the caveat that training must pertain to the councilmember role. The strikeouts in the Section 13 Reimbursements of Expenses were written before the aforementioned policy was adopted by Resolution #1516. Attachments: Resolution 1516 VO Proposed Sect 13 reimbursements Packet Pg. 46 2.3.a RESOLUTION NO. 1516 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, ADOPTING THE EMPLOYEE EXPENSES, VOLUNTEER RECOGNITION, AND REIMBURSEMENTS POLICY AS ATTACHED HERETO. WHEREAS, the City of Edmonds is committed to the highest standards of responsible financial management; and WHEREAS, the City Council Finance Committee reviewed the Employee Expenses, Volunteer Recognition, and Reimbursements Policy at the August 9, 2022 and September 13, 2022 Finance Committee meetings; and WHEREAS, best practice shows that finance related policies should be formally adopted by Resolution; now therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: ADOPT THE CITY OF EDMONDS EMPLOYEE EXPENSES, VOLUNTEER RECOGNITION. AND REIMBURSEMENTS POLICY. The city council hereby adopts the following attached document: City of Edmonds Employee Expenses, Volunteer Recognition, and Reimbursements Policy to read as set forth hereto, which is incorporated herein by this reference as if set forth in full. RESOLVED this 1st day of November 2022. CITY OF EDMONDS YOR, MIKE NELSON 3 Packet Pg. 47 2.3.a ATTEST: CITY CLERK, S TT PASSEY FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: RESOLUTION NO. October 28, 2022 November 1, 2022 1516 1H Packet Pg. 48 2.3.a EMPLOYEE EXPENSES, VOLUNTEER RECOGNITION, AND REIMBURSEMENTS Section I. General Reimbursement Policy The City of Edmonds reimburses its employees and elected or appointed officials for reasonable expenses incurred conducting City business providing the expenses are prudent and directly related to the individual's service on behalf of the City. The City of Edmonds is best served by the active participation of community citizens as volunteers. Volunteers learn more about their City and contribute to its effectiveness, thereby fostering increased cooperation and understanding. Section II. Administration The Administrative Services Director administers the reimbursement program, designs and distributes forms and instructions, and carries responsibility for review of claims. Claims will not be allowed without a detailed account of money spent certified by the individual making the claim. Section III. Documentation Claims for personal reimbursement must be made on official Employee Claim for Expenses form, be accompanied by the vendor's invoice, receipt or bankcard charge slip showing the date, vendor name, amount paid and items/services received, and must be signed by the individual seeking reimbursement. Should a receipt be lost or not be obtainable, an employee must fill out a Lost Receipt form and attach to the Claim for Expenses signed by his/her Department Head (or Mayor if the employee is a Department Head). This will serve as a substitute for a receipt. The person seeking reimbursement is responsible for ensuring that the reimbursement request is accurate, and that receipts or requests are not duplicated. In addition to the documentation above, claims for meals that feed others require the following documentation: 1. The names of the individuals being hosted. 2. Their official title or capacity as it relates to City business. 3. The nature of the topics discussed, nature of the occasion, what public purpose or policy was being served (and/or copy of agenda). Reimbursement is subject to budget being available for the event, and preapproval by the Mayor for staff -sponsored events, or by the Council President for Council -sponsored events. Employee claims for expenses must be signed by department heads, or in his/her absence, by his/her designee. Department head or acting department head claims must be signed by the Mayor. Council member expenses may be approved either by the Council President or by placing the reimbursement request on the Consent Agenda, giving the full Council the opportunity to approve or deny the request. Whenever possible, City expenses should be paid for using City funds. At times, however, an employee or elected official may find it expedient or necessary to pay for an expenditure using their 5 Packet Pg. 49 2.3.a personal funds and seek reimbursement from the City afterwards. When this occurs, the employee or elected official should obtain pre -approval for the expenditure, before using their personal funds. If such pre -approval was not obtained, approval after -the -fact is at the sole discretion of the applicable authority: their Department Director, the Mayor, or in the case of Council members, either the Council President or the full Council by placing the request on the Consent agenda. All Employee claims should be submitted in a timely manner; within 60 days. Section IV. Food and Beverage The City uses the following guidelines in determining the use of public funds for expenditures for food and beverages: 1. Who consumed this food and drink. 2. What was the nature of the occasion for the consumption. 3. What public purpose or policy objective was served. 4. Were the expenses reasonable. 5. Were the expenses consistent with the policy authorizing reimbursement. The city must also consider Internal Revenue Service regulations covering the income tax consequences of providing food and beverages to employees. Payment for food and beverage expenses that meet the IRS non-taxable criteria will be made through Accounts Payable. Payment for food and beverage expenses that do not meet the IRS non-taxable criteria will be made through Payroll and taxed at the current IRS rate. Section V. General IRS Meal Reimbursement Regulations (See following sections for specific examples) Please note that reimbursement for out-of-town travel is covered by ECC 2.25.050, Travel Authorization and Expense Reimbursement Policies. The following food and beverage expenses qualify as non-taxable under the IRS code and will be reimbursed through Accounts Payable. 1. Meals consumed while traveling on city business. To qualify as travel the employee must travel a distance of 40 miles or more from Edmonds and stay overnight. 2. Business meals between city employees and non -city employees that can reasonably be expected to bring a specific business benefit to the city. Restaurant meals with current or potential city suppliers (vendors/contractors/consultants, etc.) would not qualify under this category. 3. Meal expenses directly related to and necessary for attending business meetings or conventions of organizations directly related to city business. These organizations include chambers of commerce, business leagues and trade or professional organizations such as the American Planning Association, American Public Works Association, etc. 4. Meals provided by the city that meet the following three criteria: a. The meal must be brought to the employee; cash may not be given to the employee to buy a meal. b. The meal must be provided at the city's business premises. This may include temporary work sites, such as a hotel conference room, if business is conducted there. 11 Packet Pg. 50 2.3.a c. The meal must be provided for the city's convenience and have a sound business justification. Examples include: i. Meals furnished during work hours so employees are available for emergency calls during the meal. Evidence must be provided that an emergency occurred. ii. Meals delivered to the office at a group meeting that spans a mealtime. The following food and beverage expenses are taxable under the IRS code and will be reimbursed through Payroll. 1. Meals consumed while attending local training sessions/classes. Local training means training that does not qualify for travel by being 40 miles or more from the city and requiring an overnight stay. 2. Meals consumed while transporting city or non -city participants to recreation programs. 3. Meals between city employees and/or non -city employees off the city premises that otherwise qualify for reimbursement under city policy. 4. Meals consumed while transporting and/or chaperoning city or non -city participants to city sponsored Parks and Recreation programs or events where paid staff are required for safety and supervision. Examples include, but are not limited to, programs or events at restaurants for senior participants. Claims for taxable meal reimbursements must be submitted to Payroll on an Employee Reimbursement form. Meal reimbursements are included in the employee's regular paycheck. Section VI. Retreats/Meetings/Training Council Retreats/Executive Team Retreats/Department Retreats to determine goals and objectives for the department/City: The reasonable cost of necessary food and beverages while conducting a retreat is authorized for reimbursement. Nontaxable paid through Accounts Payable City Sponsored Training/Staff Meetings: The general rule is that meals and snacks are not reimbursable and are to be purchased by those individuals attending. However, the City will pay reasonable cost of beverages. Non-taxable under the IRS De Minimis meals category paid through Accounts Payable. Training Developed and Sponsored by Outside Organizations: The City of Edmonds considers training a necessary and reasonable cost of maintaining a high level of excellence in the services we provide. The City will pay for reasonable trainings, conferences, and workshops for employees and elected officials. Training should be approved by an employee's supervisor or by the Department Director, or the Council President or the Council body via the Consent Agenda for Council members, prior to registration and payment for the event. Professional Organization Sponsored Training or Seminars/Business Luncheon Meetings: The City will pay the cost of meals included as part of the registration or purchased separately to be consumed at meetings held during a mealtime. Examples include the Chamber of Commerce, American Planning Association, Snohomish County Clerks & Finance Officers Association, etc. Non-taxable per specific IRS regulation- paid through Accounts Payable 7 Packet Pg. 51 2.3.a Section VII. Awards/Recognition Service Awards Ceremonies: Expenditures for reasonable refreshments served at the Mayor's Annual City-wide Employee Awards Programs, including luncheon to recognize employees with years of service and breakfast or lunch to recognize employees selected for service awards. (Limited to one each per year) Non-taxable under the IRS De Minimis meals category paid through Accounts Payable. Department Head Appreciation Luncheon: Expenditures for reasonable refreshments served at the Annual Department Head Appreciation Luncheon for only City of Edmonds staff and Council members. (Limited to one per year) Non-taxable under the IRS De Minimis meals category paid through Accounts Payable. Section VIII. Special Events The City policy is to allow for reimbursement for the costs of reasonable refreshments for events such as Open Houses, City Anniversary Celebrations, and hosting delegations from other jurisdictions. Non-taxable under the IRS De Minimis meals category paid through Accounts Payable. Birthday Celebrations/ Welcoming Parties: these events are considered private parties and as such represent an inappropriate expenditure of public funds. The cost of any food or beverage or any incidental expenses related to these events (film, flowers, cards, etc.) are not eligible for reimbursements. Retirement Recognition: The City recognizes that it is sometimes appropriate to recognize and acknowledge the contribution that employees have made to the City during their career. The City will pay the reasonable cost of food and beverages at such an event. The City may also pay a reasonable cost for providing a service award to the retiring employee, not to exceed $200 in value. Normally when an employee retires there are small items that were issued to the employee that must be returned to the city. Examples of this are credit cards, cell phones, office keys, and iPads. Due to the nature of an iPad, unless they are essentially brand new, they have no remaining value after an employee retires and the iPad is disposed of. If an iPad is more than a year old and has no useful value or monetary value to the City, rather than being disposed of, any iPad with no value may be given to the retiree, after being scanned by an Information Services technician to ensure that sensitive or proprietary information has been removed. Volunteers: It is the policy of the City of Edmonds to recognize and acknowledge the contribution that volunteers make to the City. The City will pay the reasonable cost for providing service awards, as well as food and beverages, at an annual recognition event. These are non-taxable to Volunteers. Non-taxable to Employees if held on city premises and meals are provided paid through Accounts Payable. Taxable to Employees ifheld offcitypremises-employee's meal reimbursementpaid through Payroll. 0 Packet Pg. 52 2.3.a Section IX. Meals Business Meals between City Employees: Meals (including snacks) between City Employees will not normally be reimbursed. It is expected that City Business between City employees can for the most part be conducted on City premises during normal work hours. Working Lunches: the City recognizes that there are occasions when it may be necessary for a group of employees to work through lunch to meet a deadline or to keep a group convened in order to accomplish the task. To be considered for reimbursement as a working lunch, the meeting must span over a three-hour period which includes the group's normal lunch hour and have approval of the Mayor. Non-taxable if the meal is provided on the city premises for the convenience of the city paid through Accounts Payable. Business Meals between City Employees and Non -City Employees: the reasonable costs of necessary meals while conducting City Business with persons other than City employees either locally or out of town are authorized for reimbursement. Employees seeking reimbursement for meals of a non -City person must obtain prior approval from the Mayor. The employee's meal is non-taxable if the meal is provided on the city premises for the convenience of the city or the employee is on out- of-town travel for the city —paid through Accounts Payable. The employee's meal is non-taxable if it meets the IRS test of providing a specific business benefit to the city (normally only the Mayor will qualify in the specific business benefit category) —paid through Accounts Payable. The employee's meal is taxable if the meal is not related to city travel and is eaten off the citypremises —paid through Payroll. The meals for the non -city employees are paid through Accounts Payable. Packet Pg. 53 2.3.b Section 13. Reimbursement of Expenses. -- -- - ---- - - -- - -- - -- - -- .. _ . _ _ . . .. . _ .. _ .. . . . ... . . .. . . . • • .. _ • ■ AeAl Lens. Packet Pg. 54 2.3.b Council adopted the City of Edmonds Employee Expenses, Volunteer Recognition and Reimbursements PolicvI for application to Council as enumerated therein. In addition to the option of prior approval of training course -by -course as outlined in Section VI of the Policy, a Council President may also pre -authorize trainings relevant to the councilmember role up to a pre -authorized budaet amount per councilmember annually. 1 Resolution 1516, November 1, 2022 Packet Pg. 55 2.4 City Council Agenda Item Meeting Date: 04/9/2024 Discussion of Proposed Strategic Approach to Financial Resiliency, and Next Steps Staff Lead: City Council Department: City Council Preparer: Beckie Peterson Background/History In response to the council declaring a fiscal emergency during the 2024 budget process, the city needs to develop a plan and make decisions that will assure its future financial stability. This item was presented to Council during the April 2, 2024 meeting. Recommendation Potential follow up discussion of components of the proposed strategic plan to fiscal resilience. Narrative N/A Attachments: Council presentation April 2 Fiscal First Aid Strategic Approach to Fiscal Resilence for the City of Edmonds Packet Pg. 56 City of Edmonds Fiscal First Aid Council Update and Check -In Mike Bailey, Financial Consultant R c R c ii 4- 0 c 0 N U) U) Packet Pg. R Current Status and Lessons LearnedLL 0 .U) U) U) 'a LL LL N �L Q i R d to L M i O Z :.i R Q Packet Pg. Government Finance Officers Association 12 step "Fiscal First Aid" methodology. R c R c ii 4- 0 c 0 N U) w 0 Packet Pg. r{ 10 I Recogni 2 1 Mobil[ 3 Q) c Stages of Financial Recover Budging R-f,_irm enc Reco errr Leadership Transform , 1 � Manage Recover: Program 5 Recovery i i w Lang -Term Financial Planning Plan I 8 Langer -Term Therapies 4 IrjJtial 6 � Detailed Di nosrs � J Diaanosi 5 Fiscal First Aid ------------------------- Financial C12; 5ustaii�ability 11% ' Bankruptcy, Receivership Tine ♦ - - ..-r........... . Decline Distress Stabilization Recc_r err Financial Hea V, Stages of Financial condition R LL 0 i N U) U) c Mike Bailey, CPA \_ < r Carl Zapora Blue -Ribbon Panel Rick Canning Erin Monroe, CPA Scott James, CPA Troy Rector, CPA, CG ® � Darrol Haug R E LL 4- 0 r_ U) U) U) Packet Pg. 61 Discussions and Conclusions Thus Far 1. Recognize — Council recognized this issue last summer / fall 1. Invoked a "fiscal emergency" per policy 2. Mobilize — Mayor mobilized aBlue-Ribbon Panel 3. Generic Treatments — Mayor initiated numerous treatments 4. Initial Diagnosis — See next slides ra LL 0 U) U) U) 0 Packet Pg. 62 External Impacts • Between 2020 and 2024 Consumer Price Index increased 20%. • State 1% restriction. • State requirements. R c R c ii 0 0 N U) U) Packet Pg. RFA funding from ARPA Contra -Account Sub Total "Problem" $6.25 Am $9.45 R LL 4- 0 C U) U) U) 0 Packet Pg. 64 RFA funding from ARPA Contra -Account Sub Total "Problem" $6.25 Am $9.45 20% of the General Fund Budget R LL 4- 0 C U) U) U) 0 Packet Pg. RFA funding from ARPA Contra -Account Sub Total "Problem" $6.25 3.20 $9.45 Examples include: Negotiated union contract, $3.05 additional police cars and technology, replenishing deferred bldg. Maint. fund, library repairs, new financial software, staff additions, staff salaries. Revised Sub Total "Problem" $12.5 c Packet Pg. 66 RFA funding from ARPA Contra -Account Sub Total "Problem" $6.25 3.20 $9.45 Examples include: Negotiated union contract, $3.05 additional police cars and technology, replenishing deferred bldg. Maint. fund, library repairs, new financial software, staff additions, staff salaries. Revised Sub Total "Problem" $12.5 Using the reserve Funds $8.00 Total "Problem" $20.50 LL 4- 0 C 0 N c Packet Pg. 67 RFA funding from ARPA Contra -Account Sub Total "Problem" $6.25 3.20 $9.45 Examples include: Negotiated union contract, $3.05 additional police cars and technology, replenishing deferred bldg. Maint. fund, library repairs, new financial software, staff additions, staff salaries. Revised Sub Total "Problem" Using the reserve Funds $8.00 Total "Problem" $20.50 LL 4- 0 C 0 N c Packet Pg. 68 Internal Impacts Revenues grew 27.8% over 4 years (7% annually) Expenditures grew 44.9% (11.2% annually) • Inflation • New staff / higher compensation • New programs / increased level of service R 0 c R c ii 0 0 N U) U) Packet Pg. 69 190 170 150 130 110 70 50 Total Employees byYear 2019 2020 2021 2022 Police Non -Police 2023 2024 R V C LL 4- 0 C 0 N U) U) c Packet Pg. 70 Fund Balance Amendment Effect LL 4- 0 C 0 N U) 0 a LL LL N �L Q i R d to L M i O Z :.i R Q Packet Pg. 72 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 Original Amended Original Amended Original Amended Original Amended Original Amended (1,897) (3,038) - (3,158) (4,117) (2,655) (3,674) (5,130) (8,711) (5,725) (11,425) 1 Forecasted revenues missed target estimates in three out of the last four years. 2020 by -$1.6 million. 2022 by -$3.4 million. 2023 by -$2.6 million. R V C LL 4- 0 0 N U) U) Packet Pg. 74 � 4,000 2,000 01 Fina Budget (2,000) ( to#) � (4,000) � (6,000) � (8,000) � (10,000) � (12,000) Fund Balance - Final Budget Compared to Actual Results 21 2019 Actual 2020 2020 Z021 Fina Budget Actual Fina Budget (2 3&95) White outline = Final Budget Blue Outline = Actual Results 1 2021 Actual Fina ;ei I(14,000) Discussions and Conclusions Thus Far 1. Recognize — Council recognized this issue last summer / fall 1. Invoked a "fiscal emergency" per policy 2. Mobilize — Mayor mobilized aBlue-Ribbon Panel 3. Generic Treatments — Mayor initiated numerous treatments 4. Initial Diagnosis — See next slides 5. Fiscal First Aid — The subject for the Balance of this Discussion LL 0 N c Packet Pg. The Strategy 2024 2024 2024 2024/2025 zoza/zozs zozs 2025/2026 Reduce expenses to get through it. Develop strategy to replenish reserve funds. Develop strategy to bridge 2025 Budget by priorities / Zero based budgeting. Continue to identify savings. Resolve fire service costs and issues. Utilize new budget process to identify future needs - and identify funding gaps. Identify additional savings and any additional revenue requirements. 2.4. c Packet Pg. Develop strategy to bridge 2025 Options: 1. Reduce expenses to balance subsequent budgets — 25% 2. Seek voter approval for tax increases 1. Could be limited number of years (maybe 1) 2. Won't be the last request for a tax increase 3. Borrow (internally) for interim solution 1. Take more time to develop alonger-term solution 4. A combination of the above options (e.g. reduce expenses less than 25%; include either 2 or 3 above) c Packet Pg. M Budget by priorities / Zero based budgeting • Don't "cut" this budget — build the right budget — zero based • Engage firm to provide budget software and facilitate • ResourceX — a subsidiary of Tyler Technologies (our software vender) • Inform City budget priorities with community meetings • Develop 2025-26 biennial budget based on: • Council priorities informed by community meetings • Zero -based budget by priorities • Decisions regarding fire service provision (i.e. RFA) • Revised revenue targets and potential community vote c Packet Pg. Questions we will be asking: What services do WE want from government? What are our service priorities.? What metrics we will use? R LL 4- 0 0 N U) U) How do we ensure equity? What amenities do we need? What assumptions do we use to anticipate the future.? Packet Pg. 80 Closing Questions Discussion c R c ii 4- 0 c 0 N U) Mn 0 Q ii ii N L Q i 0 w CL r- 0 0 a Packet Pg. 81 2.4.b Proposed Strategic Approach to Fiscal Resilience for the City of Edmonds Here is a potential path forward. 1. Engage ResourceX to facilitate the budget process. a. They will provide a priority -based budget process which the council has expressed interest in and will serve as a strong foundation for the future. b. ResourceX will have already analyzed past budgets and created decision units (as a favor to me). They will also provide you with a likely scenario of budget priorities based on their past work and data analytics. c. They will likely also, as a result, identify the "low -hanging -fruit" opportunities toward balancing the budget. 2. We should organize facilitated community meetings to brief on the issues and enable participants to share their opinions on the tradeoffs we will confront with this upcoming biennial budget process. a. Do a few of these (maybe 4 or 6) over the next 6 weeks. I can facilitate if you like. b. Use the decision units created by ResourceX as a focus. c. Compile the input into a framework for priorities and strategies that inform the budget process. Share this work -product with the council as a starting point for their budget priority setting. d. Use this budget process to identify what the city should fund, and as a consequence what the city won't fund —this reduces our current cost either by partnering with others, outsourcing or eliminating / reducing programs. Again, this will be supported by the community input so politically expedient. 3. Based on the recommendations from the RFA study make a recommendation to the council with regard to a public vote regarding the property tax. If recommendation is to annex to the RFA, support that effort. We could retain the property taxes to help address our problems. i. Between the $6m net benefit from the RFA annexation and other revenue options that may be sufficient to address the revenue side of the equation. b. If recommendation is to retain fire responsibility then a property tax levy lid lift effort in August seems necessary. 4. Start the biennial budget process with steps 1 and 2 above. a. Begin working with the department directors on the expectations for this upcoming budget process. i. We need to introduce the notion that program performance metrics will be essential in this work — a new concept in Edmonds. ii. We can "vest" the department directors in their responsibilities for contributing to fiscal resiliency and let them into the tent. b. Put a calendar together with the details of how we are going to build the budget. i. Include the public's role (the community meetings in 2 above), the council's role starting with their policy direction at the beginning of our work (but after the Packet Pg. 82 2.4.b community meetings), the department director's role and the finance office's role. ii. Include specific dates, where we can, and date ranges where we can't. c. Utilize the Priority -Based Budget approach supported by ResourceX (and me) which will deliver a process to follow, clear alignment with community and council priorities. i. Their software will facilitate the process and present clear opportunities into the various levels (as defined by us) such as mandated service, core service, important to have, nice to have, etc. ii. Their software will help guide us in building the budget as well as be the way we present the priority -oriented choices for council's consideration. Financial Planning Schedule Rough Outline for the 2025-26 Biennial Budget March 1. Brief council / labor / staff 2. State of the City 281n 3. Council workshop on budget development approach (could be in April) April 1. Contract for Priority Based Budgeting (PBB) a. Beginning implementing PBB by importing data, etc. 2. Community meetings to identify community priorities a. 4-6 meetings of about 15-20 people to meet in groups (including boards and commission members) 3. Council retreat to review community input and finalize priorities May 1. Department use PBB approach to begin building budgets June 1. Mid -year financial review— council meeting a. Review of current year budget status b. Preliminary review of revenues (for next biennium) i. Both general government and utilities c. Preliminary review of long-range financial plan (assumptions) July 2. Public hearing 1. Detailed forecasts for internal purposes which informs budget decision making and related actions August 1. Proposed Preliminary Budget (not balanced) 2. Internal budget balancing work by the mayor and staff leadership team September Packet Pg. 83 2.4.b 1. Mayor's preliminary budget recommendation October 1. Council budget workshops & first public hearing November 1. Council budget workshops & second public hearing 2. Adopt 2025-26 biennial budget Packet Pg. 84